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

 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.

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. Received a $33,000, 5%, 60-day note on account. 31. Received an $80,000, 7%, 90-day note on account May 7 Received $33,275 on note of March 8. 16. Received a $72,000,7%, 90-day note on account. June 11 Received a $36,000, 6%, 45-day note on account. 29 Received $81,400 on note of March 31 July 26. Received $36,270 on note of June 11. Aug. 4 Received a $48,000, 9%, 120 day note on account Received $73,260 on note of May 16, Dec. 2. Received $49,440 on note of August 4. 14. Required: Journalize the entries to record the transactions, For a compound transactions, it an amount box does not require an entry, leave it blank Mar. 33.000 33,000 Mar. 8 33,000 33,000 Mar. 31 80,000 80,000 May 7 ill ION May 16 72,000

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