Below are the transactions related to notes receivable activity for Barton Corporation.                     Record each transaction in the journal provided. Enter the date of the last transaction.                                           2020                     13-Nov Accepted a $40,000, 90-day, 6% note from a customer in exchange for their past                     due accounts receivable balance                                         31-Dec Made an entry to accrue the accrued interest earned on the Nov 13 note                                         2021                     11-Feb Received payment for the principal and interest on the note dated November 13                                         22-Apr Accepted a $20,000, 45-day, 5% note from a customer in exchange for consulting fees                     provided                                         ??? Received payment for the principal and interest on the note dated April 22                                                                     General Journal                 Date Account   Debit   Credit           2020                         13-Nov                                                                 31-Dec                                           2021                     11-Feb                                                                                                             22-Apr

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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  Below are the transactions related to notes receivable activity for Barton Corporation.                  
  Record each transaction in the journal provided. Enter the date of the last transaction.                  
                     
  2020                  
  13-Nov Accepted a $40,000, 90-day, 6% note from a customer in exchange for their past                
    due accounts receivable balance                
                     
  31-Dec Made an entry to accrue the accrued interest earned on the Nov 13 note                
                     
  2021                  
  11-Feb Received payment for the principal and interest on the note dated November 13                
                     
  22-Apr Accepted a $20,000, 45-day, 5% note from a customer in exchange for consulting fees                
    provided                
                     
  ??? Received payment for the principal and interest on the note dated April 22                
                     
                     
        General Journal          
      Date Account   Debit   Credit    
      2020                  
      13-Nov              
                     
                     
      31-Dec              
                     
      2021              
      11-Feb              
                     
                     
                     
                     
      22-Apr              
                     
                     
                     
                     
                     
                     
                         
                         
                         
                         
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