Question: Question 9 The following selected transactions for notes receivable are for Oak Ridge Limited: May 1 Received a six-month, 5%, $12,200 note on account from
Question 9 The following selected transactions for notes receivable are for Oak Ridge Limited: May 1 Received a six-month, 5%, $12,200 note on account from Blackstone Limited. Interest is due at maturity. June 30 Accrued interest on the Blackstone note on this date, which is Oak Ridge's year end. July 31 Lent $10,000 cash to an employee, Noreen Wong, Issuing a three-month, 7% note. Interest is due at the end of each month. Aug. 31 Received the interest due from Ms. Wong. Sept. 30 Received the interest due from Ms. Wong. Oct. 31 Received payment in full for the employee note from Ms. Wong. Nov. 1 Wrote off the Blackstone note because Blackstone defaulted. Future payment is not expected. Record the above transactions for Oak Ridge Limited. (Credit account titles are automatically indented when amount is entered. Do not "No Entry" for the account titles and enter o for the amounts. Round answers to the nearest whole dollar, c.9. 5,275.) Date Account Titles and Explanation Debit Credit li
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