PR 9-5A Notes receivable entries
The following data relate to notes receivable and interest for Viking Co., a cable manufacturer and supplier. (All notes are dated as of the day they are received.)
| June 3. | Received a $24,000, 4%, 60-day note on account. |
| July 26. | Received a $27,000, 5%, 120-day note on account. |
| Aug. 2. | Received $24,160 on note of June 3. |
| Sept. 4. | Received a $60,000, 3%, 60-day note on account. |
| Nov. 3. | Received $60,300 on note of September 4. |
| 5 | Received a $36,000, 7%, 30-day note on account. |
| 23 | Received $27,450 on note of July 26. |
| 30 | Received an $18,000, 5%, 30-day note on account. |
| Dec. 5. | Received $36,210 on note of November 5. |
| 30 | Received $18,075 on note of November 30. |
Instructions
Journalize entries to record the transactions.
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