These transactions took place for Renda Co. __(Journal entries)

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These transactions took place for Renda Co. 

 

2011

May 1    Received a $11,100, 1-year, 9% note in exchange for an outstanding account receivable from S. Dorsey.

 

Dec. 31  Accrued interest revenue on the S. Dorsey note.

 

2012

May 1    Received principal plus interest on the S. Dorsey note. (No interest has been accrued since December 31, 2011.)

 

May 1, 2011 ?

Notes receivable  ?

   Accts receivable ?

 

Dec 31, 2011

Interest recievable (?)

   Interest revenue (?)

 

May 1, 2012

Cash ?

   Notes Receivable ?

   Interest Receivable (?)

   Interest Revenue (?)

    • 13 years ago
    Renda Co. (journal entries) --- correct answers !
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