the following data relate to notes receivable and interest for cgh cable co a cable 546069
PR 8-5A Notes receivable entries
The following data relate to notes receivable and interest for CGH Cable Co., a cable manufacturer and supplier. (All notes are dated as of the day they are received.)
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the following data relate to notes receivable and interest for cgh cable co a cable 546069
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Apr. 10. Received a $144,000, 5%, 60-day note on account.
May 15. Received a $270,000, 7%, 120-day note on account.
June 9. Received $145,200 on note of April 10.
Aug. 22. Received a $150,000, 4%, 45-day note on account.
Sept. 12. Received $276,300 on note of May 15.
30. Received a $210,000, 8%, 60-day note on account.
Oct. 6. Received $150,750 on note of August 22.
18. Received a 120,000, 5%, 60-day note on account.
Nov. 29. Received $212,800 on note of September 30.
Dec. 17. Received $121,000 on note of October 18.
Instructions
Journalize the entries to record the transactions.
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