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.

(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. 14. Received $73,260 on note of May 16. Dec. 2. Received $49,440 on note of August 4. Required: Journalize the entries to record the transactions. If an amount box does not require an entry leave it blank. Mar. 8 Notes Receivable Accounts Receivable Mar. 31 Notes Receivable Accounts Receivable May 7 Cash Notes Receivable Interest Revenue Previous Check My Work Type here to search o B 9 Notes Receivable Interest Revenue May 16 Notes Receivable Accounts Receivable June 11 Notes Receivable Accounts Receivable June 29 Cash Notes Receivable Interest Revenue July 26 Cash DO DI II III III II II I DO 101 III III II II II Notes Receivable Interest Revenue Aug. 4 Notes Receivable Accounts Receivable Aug. 14 Cash Notes Receivable Interest Revenue Dec 2 Cash Notes Receivable Check My Work eBook Calculator Accounts Receivable June 11 Notes Receivable Accounts Receivable June 29 Cash Notes Receivable Interest Revenue July 26 Cash Notes Receivable Interest Revenue 110 110 II (11 III II I Aug. 4 Notes Receivable Accounts Receivable Aug. 14 Cash Notes Receivable Interest Revenue Dec. 2 Cash & Notes Receivable Interest Revenue

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