Question: need full answers 29 The following data relate to notes receivable and interest for Owens Co., a financial services company, (All notes are dated as

need full answers

as of the day they are received.) Assume 360 days in a

29 The following data relate to notes receivable and interest for Owens Co., a financial services company, (All notes are dated as of the day they are received.) Assume 360 days in a year. Mar. 8. Received a $96,000, 8%, 60-day note on account Recelved a $14,400,9%, 90-day note on account. May 7 Received $97,280 on note of March 8. 16. Received a $49,200, 12%, 90-day note on account June 11. Received a $24,000,6%, 30-day note on account Received $14.724 on note of March 31. July 26, Received $24,120 on note of June 11. Aug. 4 Received a $9,600, 11%, 30-day note on account. 14 Received 550,676 on note of May 16, Dec. 2 Received $9,688 on note of August 4, Required: Journalize the entries to record the transactions. For a compound transactions, if an amount box does not require an entry, tereta Mars Notes Receivable Accounts Receivable Mar 31 Notes Receivable Accounts Receivable May 7 Cash Notes Receivable Interest Revenue May 16 Notes Receivable Accounts Receivable June 11 Notes Receivable Accounts Receivable WII 1 NI WII MI 1 l m n [ June 29 Cash Notes Receivable Interest Receivable July 26 Cash Notes Receivable Interest Revenue Aug. 4 Notes Receivable Accounts Receivable Aug. 4 Notes Receivable Accounts Receivable Aug. 14 Cash Notes Receivable Interest Revenue HI 10 Dec. 2 Cash Notes Receivable Interest Revenue

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