Vaughn Family Importers sold goods to Tung Decorators for $36,600 on November 1, 2020, accepting Tung's $36,600, 6-month, 6% note. Prepare Vaughn's November 1 entry, December 31 annual adjusting entry, and May 1 entry for the collection of the note and interest. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. 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.) Date Account Titles and Explanation Debit Credit

Following are selected transactions of Youth Inc. during December 2016.   Dec 1:  Youth accepted a one year 8% note receivable from a new customer, GGC.  The note is in settlement of an existing $1,500 account receivable.  The note plus interest is due on November 30, 2016.   Dec 8:  An account receivable from JJ in the amount of $700 is determined to be uncollectible and is written off against the Allowance for Doubtful Accounts.   Dec 15:  Received $200 from one of its clients.  Originally this amount was written off as uncollectible since Youth never expected to receive this amount from its client.   Additional information for adjusting entries is as follows:   An aging of accounts receivable indicates very likely uncollectible accounts totaling $9,000.  Prior to the month-end adjustment, the Allowance for Doubtful Accounts had a credit balance of $5,210. Accrued interest revenue on the note receivable from GGC dated December 1, 2016.   Prepare the journal entries for December…

Splish Corporation borrowed $58,500 on November 1, 2020, by signing a $60,000, 3-month, zero-interest-bearing note. Prepare Splish's November 1, 2020, entry; the December 31, 2020, annual adjusting entry; and the February 1, 2021, entry. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record interest) (To pay note)

During December 2020, Markowitz Publishing sold 4,500 12-month annual magazine subscriptions at a rate of $20 each. The first issues were mailed in February 2021. Prepare the entries on Markowitz’s books to record the sale of the subscriptions and the mailing of the first issues. (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 0 for the amounts.) Date Account Titles and Explanation Debit Credit choose a transaction date                                                            enter an account title enter a debit amount enter a credit amount   enter an account title enter a debit amount enter a credit amount choose a transaction date                                                            enter an account title enter a debit amount enter a credit amount   enter an account title enter a debit amount enter a…