Notes Receivable Entries

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 $$78,000,6\%,60-$day note on account.

$31.$ Received a $$22,800,7\%,90-$day note on account.

May $7.$ Received $$78,780$ on note of March $8.$

$16.$ Received a $$54,000,8\%,90-$day note on account.

June $11.$ Received a $$36,000,9\%,30-$day note on account.

$29.$ Received $$23,199$ on note of March $31.$

July $26.$ Received $$36,270$ on note of June $11.$

Aug. $4.$ Received a $$10,800,10\%,30-$day note on account.

$14.$ Received $$55,080$ on note of May $16.$

Dec. $2.$ Received $$10,890$ 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, leave it blank.

Mar. $8$

Mar. $31$

May $7$

May $16$

June $11$

June $29$

July $26$

Aug. $4$

Aug. $14$

Dec. $2$