the following data relate to notes receivable and interest for el rayo co a financia 549750
PR 9-5B Notes receivable entries
The following data relate to notes receivable and interest for El Rayo Co., a financial services company. (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 el rayo co a financia 549750
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Mar. 1. |
Received a $90,000, 6%, 60-day note on account. |
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25. |
Received a $10,000, 4%, 90-day note on account. |
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Apr. 30. |
Received $90,900 on note of March 1. |
|
May 16. |
Received a $36,000, 7%, 90-day note on account. |
|
31. |
Received a $25,000, 6%, 30-day note on account. |
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June 23. |
Received $10,100 on note of March 25. |
|
30. |
Received $25,125 on note of May 31. |
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July 1. |
Received a $28,000, 9%, 30-day note on account. |
|
31. |
Received $28,210 on note of July 1. |
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Aug. 14. |
Received $36,630 on note of May 16. |
Instructions
Journalize the entries to record the transactions.
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