Orosco supply co has the following transactions related to

Reference no: EM13610543

Orosco Supply Co. has the following transactions related to notes receivable during the last 2 months of 2011.
Nov. 1 Loaned $15,000 cash to Sally Givens on a 1-year, 10% note.
Dec. 11 Sold goods to John Countryman, Inc., receiving a $6,750, 90-day, 8% note.
Dec. 16 Received a $4,000, 6-month, 9% note in exchange for Bob Reber's outstanding
accounts receivable.
Dec. 31 Accrued interest revenue on all notes receivable.

Instructions:

(a) Journalize the transactions for Orosco Supply Co.

(b) Record the collection of the Givens note at its maturity in 2012.

Reference no: EM13610543

Questions Cloud

The traffic on the freeway is moving at a constant speed of : a car sits in an entrance ramp to a freeway waiting for a break in the traffic. the driver sees a small gap between a

Ruth ames died on january 10 2012 in filing the estate tax : ruth ames died on january 10 2012. in filing the estate tax return her executor melvis sims elects the primary

A new containment vessel for nuclear waste is being tested : a new containment vessel for nuclear waste is being tested by a group of engineers working for the u.s. department of

The particles each have a charge of 50 nc a proton free to : four charged particles are fixed in place at the corners of a square with side length 1.20 meters. the square is

Orosco supply co has the following transactions related to : orosco supply co. has the following transactions related to notes receivable during the last 2 months of 2011.nov. 1

Problem 1 your firm is contemplating the purchase of a new : problem 1 your firm is contemplating the purchase of a new 720000 computer-based order entry system. the system will be

The electric field caused by a certain point charge has a : the electric field caused by a certain point charge has a magnitude of 6500rm nc at a distance of 0.180rm m from the

The company presently operates the machine for a single : ortiz company is able to produce two products g and b with the same machine in its factory. the following information

Lfs pest control products has the following information : lfs pest control products has the following information available net income 25000 cash provided by operations 31000

User Account

All Pages