The following transactions took place for Parker's Grocery. a. January 1 b. June 30 Loaned $40,000...
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The following transactions took place for Parker's Grocery. a. January 1 b. June 30 Loaned $40,000 to cashiers of the company and received back one-year, 9 percent notes. Accrued interest on the notes. c. December 31 Received interest on the notes. (No interest has been recorded since June 30.) d. December 31 Received principal on the notes. Requirdas Prepare the journal entries that Parker's Grocery would record for the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 1 2 3 4 > Loaned $40,000 to cashiers of the company and received back one-year, 9 percent notes. Record the transaction. Note: Enter debits before credits. Date General Journal Debit Credit January 01, 2022 Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 Accrued interest on the notes. Record the transaction. Note: Enter debits before credits. Date General Journal Debit Credit June 30, 2022 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 Received interest on the notes. (No interest has been recorded since June 30.) Record the transaction. Note: Enter debits before credits. Dat Ger Jou Debit Credit December 31, 2022 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 Received principal on the notes. Record the transaction. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2022 Record entry Clear entry View general journal 4. The following transactions took place for Parker's Grocery. a. January 1 b. June 30 Loaned $40,000 to cashiers of the company and received back one-year, 9 percent notes. Accrued interest on the notes. c. December 31 Received interest on the notes. (No interest has been recorded since June 30.) d. December 31 Received principal on the notes. Requirdas Prepare the journal entries that Parker's Grocery would record for the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 1 2 3 4 > Loaned $40,000 to cashiers of the company and received back one-year, 9 percent notes. Record the transaction. Note: Enter debits before credits. Date General Journal Debit Credit January 01, 2022 Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 Accrued interest on the notes. Record the transaction. Note: Enter debits before credits. Date General Journal Debit Credit June 30, 2022 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 Received interest on the notes. (No interest has been recorded since June 30.) Record the transaction. Note: Enter debits before credits. Dat Ger Jou Debit Credit December 31, 2022 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 Received principal on the notes. Record the transaction. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2022 Record entry Clear entry View general journal 4.
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Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025372
4th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
Posted Date:
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