Question: prehensive Problem 2 Seve Che 2 Samberg Inc. had the following transactions Oct. 1 - Sold $10,000 of merchandise on account. 10.w30 to McCormick Irunen

prehensive Problem 2 Seve Che 2 Samberg Inc. had the following transactions Oct. 1 - Sold $10,000 of merchandise on account. 10.w30 to McCormick Irunen b. Now 1 - Veceived a $10.000, 90 day, 10% note from McCormick Industries to settle is $10,000 unpaid balance. c. Dec. 31 - Accrued interest on the note. Round your answer to the nearest whole dollar amount) d. Jan 31 --Received the interest on the note'y maturity do Jan. 31-Received the principal on the note's maturity date. (Round your answer to the nearest whole dollar amount) soch Win Required Prepare the required journal entries. ferences Vuw transaction lit > 1 Record the entry for sale of merchandise on account to McCormick Industries Fustries 2. Record the entry for acceptance of promissory note in exchange of accounts receivable from McCormick Industries Credit 3. Record the entry for interest accrued on promissory note received from McCormick Industries * Record the entry for interest received from McCormick Industries, on the nott's maturity date 5 Record the entry for payment received from McCormick Industries the principal on the note's maturity date. Next >

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