PR9-5A The following data relate to notes receivable and interest for Vidovich 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 Vidovich Co., a financial services company.  (All notes are dated as of the day they are received.)

 

Mar. 3.     Received a $72,000, 9%, 60-day note on account.

      25.     Received a $10,000, 8%, 90-day note on account.

May 2.      Received $73,080 on note of March 3.

      16.     Received a $40,000, 7%, 90-day note on account.

      31.     Received a $25,000, 6%, 30-day note on account.

June 23.   Received $10,200 on note of March 25.

        30.   Received $25,125 on note of May 31.

July 1.      Received a $7,500, 12%, 30-day note on account.

      31.     Received $7,575 on note of July 1.

Aug.14.    Received $40,700 on note of May 16.

 

Instruction:

 

Journalize the entries to record the transactions.

    • 13 years ago
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