Use your answers to Exercise 9-15 to journalize Suncare Corporation's transactions as follows (round to the nearest

Question:

Use your answers to Exercise 9-15 to journalize Suncare Corporation's transactions as follows (round to the nearest dollar):
May 31 Sold a telecommunications system, receiving a nine-month, 10 percent, $200,000 note from the city of Edson, Alberta. Suncare Corporation's cost of the system was $131,250.
Jun. 30 Received cash for interest revenue for one month.
30 Discounted the note to HSBC Bank at a of 11 percent.
In Exercise 9-15
Suncare installs switching systems and receives its pay in the form of notes receivable. It installed a system for the city of Edson, Alberta, receiving a nine-month, 10 percent, $200,000 note receivable on May 31, 2017. To obtain cash quickly, Suncare discounted the note with HSBC Bank on June 30, 2017. The bank charged a of 11 percent.
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