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E9-24 Jour The following selected transactions occurred during 2018 and 2019 for Baltic Import- ers. The company ends its accounting year on September 30. transactions Learning Objective 4 Jul. 1, 2019 Cash DR $17.280 2018 Loaned $16,000 cash to Bud Shyne on a one-year, 8% note. Jul. 1 Sold goods to Lawn Pro, receiving a 90-day, 6% note for $11,000. Ignore Cost of Goods Sold, Sep. 6 Made a single entry to accrue interest revenue on both notes. 30 Collected the maturity value of the Lawn Pro note. 2019 Collected the maturity value of the Shyne note. Jul. 1 urnalize all required entries. Make sure to determine the missing maturity date. Round to the nearest dollar. urnalizing note receivable transactions Learning Objective 4 CHAPTER 9

E9-24 Jour The following selected transactions occurred during 2018 and 2019 for Baltic Import- ers. The company ends its accounting year on September 30. transactions Learning Objective 4 Jul. 1, 2019 Cash DR $17.280 2018 Loaned $16,000 cash to Bud Shyne on a one-year, 8% note. Jul. 1 Sold goods to Lawn Pro, receiving a 90-day, 6% note for $11,000. Ignore Cost of Goods Sold, Sep. 6 Made a single entry to accrue interest revenue on both notes. 30 Collected the maturity value of the Lawn Pro note. 2019 Collected the maturity value of the Shyne note. Jul. 1 urnalize all required entries. Make sure to determine the missing maturity date. Round to the nearest dollar. urnalizing note receivable transactions Learning Objective 4 CHAPTER 9

Quickbooks Online Accounting
Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter5: Operating Activities: Purchases And Cash Payments
Section: Chapter Questions
Problem 3.4C
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Journalize all required entries. Make sure to determine the missing maturity date. Debts at December 31, 2018. crs. The company ends its accounting year on September 30. The following selected transactions occurred during 2018 and 2019 for Baltic Import- on the basis of the aging - note receivable transactions Receivables 523 E9-24 Journalizing receivable on its Learning Objective 4 Jul. 1, 2019 Cash DR $17,280 method versus the 2018 Loaned $16,000 cash to Bud Shyne on a one-year, 8% note. Jul. 1 Sold goods to Lawn Pro, receiving a 90-day, 6% note for $11,000. Sep. 6 Ignore Cost of Goods Sold. pre Cost of Goods Sold Made a single entry to accrue interest revenue on both notes. 30 Collected the maturity value of the Lawn Pro note. 2019 Collected the maturity value of the Shyne note. Jul. 1 ima uses the direct Round to the nearest dollar. r9-25 Journalizing note receivable transactions Professional Steam Cleaning performs services on account. When a customer account Locomes four months old, Professional converts the account to a note receivable. ma uses the Learning Objective 4 Oct. 31 Cash DR $18,355 d accruing During 2018, the company completed the following transactions: Apr. 28 Performed service on account for Parkview Club, $18,000. Sep. 1 Received an $18,000, 60-day, 12% note from Parkview Club in satisfaction of its past-due account receivable. Oct. 31 Collected the Parkview Club note at maturity. a one-year, Duoord the transactions in Professional's journal. Round to the nearest dollar. CHAPTER 9
Transcribed Image Text:Journalize all required entries. Make sure to determine the missing maturity date. Debts at December 31, 2018. crs. The company ends its accounting year on September 30. The following selected transactions occurred during 2018 and 2019 for Baltic Import- on the basis of the aging - note receivable transactions Receivables 523 E9-24 Journalizing receivable on its Learning Objective 4 Jul. 1, 2019 Cash DR $17,280 method versus the 2018 Loaned $16,000 cash to Bud Shyne on a one-year, 8% note. Jul. 1 Sold goods to Lawn Pro, receiving a 90-day, 6% note for $11,000. Sep. 6 Ignore Cost of Goods Sold. pre Cost of Goods Sold Made a single entry to accrue interest revenue on both notes. 30 Collected the maturity value of the Lawn Pro note. 2019 Collected the maturity value of the Shyne note. Jul. 1 ima uses the direct Round to the nearest dollar. r9-25 Journalizing note receivable transactions Professional Steam Cleaning performs services on account. When a customer account Locomes four months old, Professional converts the account to a note receivable. ma uses the Learning Objective 4 Oct. 31 Cash DR $18,355 d accruing During 2018, the company completed the following transactions: Apr. 28 Performed service on account for Parkview Club, $18,000. Sep. 1 Received an $18,000, 60-day, 12% note from Parkview Club in satisfaction of its past-due account receivable. Oct. 31 Collected the Parkview Club note at maturity. a one-year, Duoord the transactions in Professional's journal. Round to the nearest dollar. CHAPTER 9
AutoSave Acct12_Ch09_WP_templates - Compatibility Mode Search invoker robinson File Home Design References Mailings Review View Help A Share P Comments Insert Layout E9-24 Journalize all required entries. Make sure to determine the missing maturity date. Solution: Date Accounts and Explanation Debit Credit D Focus Page 16 of 17 12 of 876 words 100% 8:10 PM O Type here to search a W 10/22/2020 O
Transcribed Image Text:AutoSave Acct12_Ch09_WP_templates - Compatibility Mode Search invoker robinson File Home Design References Mailings Review View Help A Share P Comments Insert Layout E9-24 Journalize all required entries. Make sure to determine the missing maturity date. Solution: Date Accounts and Explanation Debit Credit D Focus Page 16 of 17 12 of 876 words 100% 8:10 PM O Type here to search a W 10/22/2020 O
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