Question: Like New Steam Cleaning performs services on account. When a customer account becomes four months old, Like New converts the account to a note

Like New Steam Cleaning performs services on account. When a customer account becomes four months old, Like New converts the account to a note receivable. During 2024, the company completed the following transactions: (Click the icon to view the transactions.) Record the transactions in Like Newjournal. Round to the nearest dollar. (Use a 365-day year for computations. Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Apr. 28: Performed service on account for Montclair Club, $20,000. Date 2024 Apr. 28 Accounts and Explanation Debit Credit Like New Steam Cleaning performs services on account. When a customer account becomes four months old, Like New converts the account to a note receivable. During 2024, the company completed the following transactions: (Click the icon to view the transactions.) Record the transactions in Like NewJournal. Round to the nearest dollar. (Use a 365-day year for computations. Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Sep. 1: Received a $20,000, 60-day, 12% note from Montclair Club in satisfaction of its past-due account receivable. Date 2024 Sep. 1 Accounts and Explanation Debit Credit Like New Steam Cleaning performs services on account. When a customer account becomes four months old, Like New converts the account to a note receivable. During 2024, the company completed the following transactions: (Click the icon to view the transactions.) Record the transactions in Like Newjournal. Round to the nearest dollar. (Use a 365-day year for computations. Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Oct. 31: Collected the Montclair Club note at maturity. (Round to the nearest dollar.) Date 2024 Oct. 31 Accounts and Explanation Debit Credit More info Apr. 28 Sep. 1 Oct. 31 Performed service on account for Montclair Club, $20,000. Received a $20,000, 60-day, 12% note from Montclair Club in satisfaction of its past-due account receivable. Collected the Montclair Club note at maturity. Print Done - C

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