Solution-Record the following transactions for marigold corp

Record the following transactions for marigold corp

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Reference no: EM132314931

Question

Record the following transactions for Marigold Corp. in the general journal.

2020

May1Received a $7,950, 12-months, 12% note in exchange for Mark Chamber's outstanding accounts receivable.

Dec.31Accrued interest on the Chamber note.

Dec.31Closed the interest revenue account.

2021 --May1Received principal plus interest on the Chamber note. (No interest has been accrued in 2021.)

Reference no: EM132314931

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Record the following transactions for marigold corp : Record the following transactions for Marigold Corp. in the general journal.May1Received principal plus interest on the Chamber note.

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Record the following transactions for marigold corp

Reference no: EM132314931

Reference no: EM132314931

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