Question: please ACCG 210 Chapter 7 Note Receivable Paper Homework Problem Prepare the entries for the following transactions of Delfi Company. June 1, 2019 - Accepted

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ACCG 210 Chapter 7 Note Receivable Paper Homework Problem Prepare the entries for the following transactions of Delfi Company. June 1, 2019 - Accepted a $20,000,9%,120-day note in granting a time extension on a past due accounts receivable of a customer, J.J. Company. Sept. 29, 2019 - Received payment from J.J. Company for principle plus interest on the June 1st note. Nov. 1, 2019 - Delfi lent Craig Incorporated $40,000 on a 90-day, 6% note. Dec. 31, 2019 - Prepare the year-end adjusting entry related to the Nov. 1 Note. Jan. 302019 - Received payment from Craig Incorporated for principal plus interest on the November 1st

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