Splish Brothers Exporters sold goods to Bonita Electronics for $50,000 on October 1, 2017, accepting Bonita Electronics' $50,000, 6- month, 8% note. Prepare Splish Brothers's October 1 entry, December 31 annual adjusting entry, and April 1 entry for the collection of the note and interest. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit
Splish Brothers Exporters sold goods to Bonita Electronics for $50,000 on October 1, 2017, accepting Bonita Electronics' $50,000, 6- month, 8% note. Prepare Splish Brothers's October 1 entry, December 31 annual adjusting entry, and April 1 entry for the collection of the note and interest. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 15EA: Resin Milling issued a $390,500 note on January 1, 2018 to a customer in exchange for merchandise....
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![Splish Brothers Exporters sold goods to Bonita Electronics for $50,000 on October 1, 2017, accepting Bonita Electronics' $50,000, 6-
month, 8% note.
Prepare Splish Brothers's October 1 entry, December 31 annual adjusting entry, and April 1 entry for the collection of the note and
interest. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the
order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
10/1/17
12/31/17
4/1/18
>](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F46cced09-a660-424e-b8bf-a08415e6dca0%2F15e72246-e651-4b98-bd28-516cad6343b3%2F73vvfr7j_processed.png&w=3840&q=75)
Transcribed Image Text:Splish Brothers Exporters sold goods to Bonita Electronics for $50,000 on October 1, 2017, accepting Bonita Electronics' $50,000, 6-
month, 8% note.
Prepare Splish Brothers's October 1 entry, December 31 annual adjusting entry, and April 1 entry for the collection of the note and
interest. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the
order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
10/1/17
12/31/17
4/1/18
>
![Splish Brothers Exporters sold goods to Bonita Electronics for $50,000 on October 1, 2017, accepting Bonita Electronics' $50,000, 6-
month, 8% note.
Prepare Splish Brothers's October 1 entry, December 31 annual adjusting entry, and April 1 entry for the collection of the note and
interest. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the
order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
>](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F46cced09-a660-424e-b8bf-a08415e6dca0%2F15e72246-e651-4b98-bd28-516cad6343b3%2Flp5iva_processed.png&w=3840&q=75)
Transcribed Image Text:Splish Brothers Exporters sold goods to Bonita Electronics for $50,000 on October 1, 2017, accepting Bonita Electronics' $50,000, 6-
month, 8% note.
Prepare Splish Brothers's October 1 entry, December 31 annual adjusting entry, and April 1 entry for the collection of the note and
interest. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the
order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
>
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