Metlock Supply Co. has the following transactions related to notes receivable during the last 2 months of 2022 Nov. 1 Loaned $19,200 cash to Soozie Takham on a 1 - year, 10% note. Dec. 11 Sold goods to Joe TraterInc., receiving a $8,550, 90-day8% note. Dec. 16 Received a $ 5,760, 6-month 9% note in exchange for Boba Fett's outstanding accounts receivable Dec. 31 Accrued interest revenue on all notes receivable.

Assume Takham dishonors its note at its maturity in 2023; Oriole expects to eventually collect the note. Record the dishonor of the Takham note. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries) Date 2023 Account Titles and Explanation Debit Credit

Presley Supply Co. has the following transaction related to notes receivable during the last 2 months of 2020. Nov. 1 Loaned $30,000 cash to Logan Ransey on a 1-year, 10% note. Dec. 11 Sold goods to be Joe Noland, Inc., receiving a $9,000, 90-day, 8% note. 16 Received a $4,000, 6-month, 9% note in exchange for Jane Brock's outstanding accounts receivable. 31 Accrued interest revenue on all notes receivable. (a) Your Answer Correct Answer (Used) Your answer is partially correct. Journalize the above transactions for Presley Supply Co. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round interest to the nearest dollar.) (b) Date Account Titles and Explanation Nov. 1 Notes Receivable Cash Dec. 11 Notes Receivable Sales Revenue 16 Notes Receivable Accounts Receivable 31 Interest Receivable Interest Revenue eTextbook and Media Solution List of Accounts Debit 30000 9000 4000 667 Credit 30000 9000 4000 667 Attempts: 3 of 3 used Record the…

Jasmine's Supply Co. has the following transactions related to notes receivable during the last 2 months of 2020. Nov. 1 Loaned $24,000 cash to Simone Buil on a 1-year, 7% note. Dec. 11 Sold goods to Dac Jo, Inc., receiving a $12,000, 90-day, 3% note. 16 Received an $18,000, 6-month, 8% note in exchange for Jason Tanner's outstanding accounts receivable. 31 Accrued interest revenue on all notes receivable. Instructions (a) Journalize the transactions for Jasmine's Supply Co. (b) Record the collection of the Buil note at its maturity in 2021.

Dynatech Supply Corp. has the following selected transactions for notes receivable. Nov. 1 Lent $141,100 cash to A. Bouchard on a one-year, 9% note. Sold goods to Wright Inc., receiving a two-month, 6%, $31,000 note. Interest is due at maturity. The goods cost $19,344. 1 Dec. Received a six-month, 6%, $34,080 note in exchange for an account from Aquilina Corporation. Interest is due at maturity. 15 Feb. 1 Collected the amount owing on the Wright note. 28 Accrued interest on all notes receivable at year end. Assume that interest is calculated to the nearest half month. 28 Analyzed each note and estimated that uncollectible notes at year end totalled $25,544. Record the above transactions for Dynatech Supply Corp. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to the nearest whole…

Swifty Supply Co. has the following transactions related to notes receivable during the last 2 months of 2022. The company does not make entries to accrue interest except at December 31. Nov. 1   Loaned $30,000 cash to Manny Lopez on a 12 month, 10% note. Dec. 11   Sold goods to Ralph Kremer, Inc., receiving a $85,500, 90-day, 8% note. 16   Received a $87,840, 180 day, 10% note to settle an open account from Joe Fernetti. 31   Accrued interest revenue on all notes receivable. 1. Journalize the transactions for Swifty Supply Co. (Ignore entries for cost of goods sold. 2. Record the collection of the Lopez note at its maturity in 2023.

Hello, How do I write the entries for this question? Thanks

Sheridan Supply Co. has the following transactions related to notes receivable during the last 2 months of 2022. The company does not make entries to accrue interest except at December 31. Nov. 1 Dec. 11 16 31 Loaned $21,600 cash to Manny Lopez on a 12 month, 10% note. Sold goods to Ralph Kremer, Inc., receiving a $54,000, 90-day, 8% note. Received a $53,280, 180 day, 10% note to settle an open account from Joe Fernetti. Accrued interest revenue on all notes receivable.

Metlock Supply Co. has the following transactions related to notes receivable during the last 2 months of 2022. The company does not make entries to accrue interest except at December 31. Nov. 1 Dec. 11 (a) 16 31 Loaned $18,500 cash to Manny Lopez on a 12 month, 12% note. Sold goods to Ralph Kremer, Inc., receiving a $45,000, 90-day, 10% note. Received a $47,600, 180 day, 12% note to settle an open account from Joe Fernetti. Accrued interest revenue on all notes receivable. Journalize the transactions for Metlock Supply Co. (Ignore entries for cost of goods sold.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Use 360 days for calculation. Round answers to 0 decimal places, e.g. 5,275. Record journal entries in the order presented in the problem.) Date Nov. 1 Dec. 11 Dec. 16 Dec. 31 ETEXLUUUK and Media Account Titles and Explanation Debit Credit

Elburn Supply Co. has the following transactions related to notes receivable during the last 2 months of 2022. The company does not make entries to accrue interest except at December 31. Nov. 1 Dec. 11 16 31 Loaned $30,000 cash to Manny Lopez on a 12 month, 10% note. Sold goods to Ralph Kremer, Inc., receiving a $6,750, 90-day, 8% note. Received a $4,000, 180 day, 9% note to settle an open account from Joe Fernetti. Accrued interest revenue on all notes receivable.