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The following data relate to notes receivable and interest for CGH Cable Co., a cable manufacturer...

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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ekkarill92 answered 3 years ago
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