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Business, 24.03.2020 18:03, tristanmatthias3456
Blossom Company has the following transactions related to notes receivable during the last 2 months of 2019. The company does not make entries to accrue interest except at December 31.
Nov. 1 Loaned $66,000 cash to C. Bohr on a 12-month, 5% note.
Dec. 11 Sold goods to K. R. Pine, Inc., receiving a $5,400, 90-day, 7% note.
Dec. 16 Received a $7,200, 180-day, 9% note to settle an open account from A. Murdock.
Dec. 31 Accrued interest revenue on all notes receivable.
Required:
Journalize the transactions for Blossom Company.
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Blossom Company has the following transactions related to notes receivable during the last 2 months...
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