Reference no: EM131287211
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 $131,400, 5%, 60-day note on account.
May 15. Received a $267,600, 6%, 120-day note on account.
June 9. Received $132,495 on note of April 10.
Aug. 22. Received a $110,800, 5%, 45-day note on account.
Sept. 12. Received $272,952 on note of May 15.
30. Received a $225,000, 9%, 60-day note on account.
Oct. 6. Received $111,493 on note of August 22.
18. Received a 116,400, 4%, 60-day note on account.
Nov. 29. Received $228,375 on note of September 30.
Dec. 17. Received $117,176 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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