Fill in the necessary information identified by the numbering to complete the journal entries at the given dates.   a.     October 1, 2022         Dr.           Cr. I III   II   III                         I  Answer 1 Question 6             II  Answer 2 Question 6             III  $Answer 3 Question 6   b.     December 31, 2022     Dr.        Cr. I III   II   III                         I  Answer 4 Question 6             II  Answer 5 Question 6             III  $Answer 6 Question 6   c.     October 1, 2023       Dr.            Cr. I III   II   IV             Interest Revenue   V

Problem 1 Kecord the transactions in the general Journal of Martin Tool Company. Martin closes its books on December 31 2021 Martin Tool Company received a $14,000, 12-month 12% note receivable in exchange for an outstanding account from John Glenn. May 1 Dec. 31 Accrued interest revenue on the note fort the 8 months (May 1- Dec. 31, 2021) 2022 May 1 Received principal plus interest on the John Glenn note. (No interest revenue has been recorded for the 4 months (January 1- Mayl, 2022) Мay 1. 2021. 6, Jets Company re et the 20 of the erchand ed $47,000. Dec. 31. 2021. May 1. 2022 Company recei ceived the alce

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QUESTION 4 On June 1, 2018, Bodie Co. accepted a $9,300 face value note as evidence of a loan it made to T Company. The note had a 8 percent interest rate and a one-year term. What is the interest revenue recognized by Bodie in 20187

Current Attempt in Progress The following transactions occurred in Wendell Corporation, which has a December 31 year end. 1 2. 3. 4. 5. 6. 7 8. 10. Wendell has received $9,000 from customers in advance (on deposit) for inventory that will be shipped to those customers next year. Wendell signed a five-year, 7%, $200,000 note payable on July 1. The note requires annual instalment payments of $48,778 principal and interest on June 30 each of the next five years. Wendell purchased inventory for $120,000 on December 23 on account, terms n/30, FOB shipping point. The inventory was shipped on December 28 and received by Wendell on January 2. Wendell received $10,000 from customers on December 21 for services to be performed in January. On December 31, Wendell sold inventory for $8,000, plus 13% HST. The cost of goods sold was $5,000. The company uses a perpetual inventory system. Weekly salaries of $18,000 are paid every Friday for a five-day workweek (Monday to Friday). This year, December…

Chapter 08 Homework (Application) Show Me How eBook Calculator Entries for Notes Receivable 1. EX.08.01 Valley Designs issued a 90-day, 9% note for $60,000, dated April 17, to Bork Furniture Company on account. Assume 360 days in a year when 2. EX.08.02 ALGO computing the interest. 3. EX.08.03 ALGO a. Determine the due date of the note. July 16 v 4. EX.08.04 ALGO b. Determine the maturity value of the note. 5. EX.08.06 ALGO 6. EX 08.07 Feedhack 7. EX.08.20 ALGO YChec My Work The due date is the date the note is to be paid. 8. PR.08.02A BLANKSHEET Remember the interest rate is stated on an annual basis, while the term is expressed as days. Assume a 360 day year. The maturity value is the amount that must be paid at the due date of the note. c1. Journalize the entry to record the receipt of the note by Bork Furniture. If an amount box does not require an entry, leave it blank. Notes Receivable v Accounts Receivable-Valley Designs v Feedback

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