In: Accounting
The following data relate to notes receivable and interest for CGH Cable Co., a cable manufacturer and supplier. (All notes are dated as of the day they are received.)
Apr. 10. | Received a $156,000, 4%, 60-day note on account. |
May 15. | Received a $266,700, 8%, 120-day note on account. |
June 9. | Received $157,040 on note of April 10. |
Aug. 22. | Received a $145,200, 5%, 45-day note on account. |
Sept. 12. | Received $273,812 on note of May 15. |
30. | Received a $184,200, 9%, 60-day note on account. |
Oct. 6. | Received $146,108 on note of August 22. |
18. | Received a 115,800, 5%, 60-day note on account. |
Nov. 29. | Received $186,963 on note of September 30. |
Dec. 17. | Received $116,765 on note of October 18. |
Journalize the entries to record the transactions. Refer to the Chart of Accounts for exact wording of account titles.
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