Question: Notes Receivable Entries The following data relate to notes receivable and interest for Owens Co., a financial services company. Assume a 360-day year. (All notes

interest for Owens Co., a financial services company. Assume a 360-day year.

Notes Receivable Entries The following data relate to notes receivable and interest for Owens Co., a financial services company. Assume a 360-day year. (All notes are dated as of the day they are received.) Mar. 8. 31. May 7. 16. June 11. Received a $33,000, 5%, 60-day note on account. Received an $80,000, 7%, 90-day note on account. Received $33,275 on note of March 8. Received a $72,000, 7%, 90-day note on account. Received a $36,000, 6%, 45-day note on account. Received $81,400 on note of March 31. Received Received $36,270 on note of June 11. Received a $48,000, 9%, 120-day note on account. Received $73,260 on note of May 16. Received $49,440 on note of August 4. 29. July 26. Aug. 4. 14. Dec. 2. Required: Journalize the entries to record the transactions. If an amount box does not require an entry, leave it blank. Mar. 8 Mar. 31 II1 II II III May 7 eBook Calculator E Print Item May 16 June 11 June 29 July 26 11 III II ODAI II II III III IU BON AUS. / / AUS / / / / / / S / / /

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