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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