This Test: 200 pts possible This Question: 10 pts 2 of 20 (0 complete) Southern Services has an October 31 fiscal year-end. Review the following note receivable transactions in the journal of Southern Services: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Record the preceding note receivable transactions in the journal of Southern Services. Use a 365-day year for interest computations, and round interest amounts to the nearest dollar. (Record debits first, then credits. Exclude explanations from any journal entries.) Aug 1 Loaned $16,000 cash to Bud McCabe on a one-year, 6% note. Requirements Journal Entry Date Accounts Debit Credit 1. Aug 1 Record the note receivable transactions in the journal of Southern Services, Use a 365-day year for interest computations, and round interest amounts to the nearest dollar. How much interest revenue did Southern earn this year? 2. Print Choose from any list or enter any number in the input fields and then continue to the next que Done This Question: 10 pts 2 of 20 (0 complete) This Test: 200 pts possible o Review the following note receivable transactions in the journal of Southern Services: (Click the icon to view the transactions.) Southern Services has an October 31 fiscal year-end. Read the requirements. Oct 6 Performed service for Turf Masters, receiving a 90-day, 7% note for $13,000. Journal Entry Accounts Date Debit Credit Requirements Oct 6 1. Record the note receivable transactions in the journal of Southern Services. Use a 365-day year for interest computations, and round interest amounts to the nearest dollar. How much interest revenue did Southern earn this year? Oct 16 2. Received a $5,000, six-month, 10% note on account from Vaseron Company Choose from any list or enter any number in the input fields and then continue to the next que Print Done d27fcd boob This Question: 10 pts 2 of 20 (0 complete) This Test: 200 pts possible Southern Services has an October 31 fiscal year-end. Review the following note receivable transactions in the journal of Southern Services: (Click the icon to view the transactions.) Read the requirements. Oct 16 Received a $5,000, six-month, 10% note on account from Vaseron Company Journal Entry Date Accounts Debit Credit Requirements Oct 16 1. Record the note receivable transactions in the journal of Southern Services. Use a 365-day year for interest computations, and round interest amounts to the nearest dollar. How much interest revenue did Southern earn this year? Oct 31 Accrued interest revenue for the year. 2. Choose from any list or enter any number in the input fields and then continue to the next que Print Done This Question: 10 pts 2 of 20 (0 complete) This Test: 200 pts possible Review the following note receivable transactions in the journal of Southern Services: Olet the icon to view the transactions.) Southern Services has an October 31 fiscal year-end. Read the requirements. Oct 31 Accrued interest revenue for the year. Accrue interest revenue on all of the notes in one entry. (Use a 365-day year for interest computatio Requirements Journal Entry Accounts Date Debit Credit Oct 31 1. Record the note receivable transactions in the journal of Southern Services. Use a 365-day year for interest computations, and round interest amounts to the nearest dollar. How much interest revenue did Southern earn this year? 2. Choose from any list or enter any number in the input fields and then continue to the next que Print Done This Question: 10 pts 2 of 20 (0 complete) This Test: 200 pts possible Review the following note receivable transactions in the journal of Southern Services: (Click the icon to view the transactions.) Southern Services has an October 31 fiscal year-end. Read the requirements Journal Entry Date Accounts Debit Credit Oct 31 Requirements 1. Requirement 2. How much interest revenue did Southern earn this year? Record the note receivable transactions in the journal of Southern Services. Use a 365-day year for interest computations, and round interest amounts to the nearest dollar. How much interest revenue did Southern earn this year? Southern Services earned interest revenue of $ 2. this year. Choose from any list or enter any number in the input fields and then continue to the next que Print Done