Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 21 Aug 2017 My Price 5.00

Elburn Supply Co

Elburn Supply Co. has the following transactions related to notes receivable during the last 2 months of 2014. The company does not make entries to accrue interest except at December 31.

Nov. 1

Loaned $30,000 cash to Manny Lopez on a 12 month, 10% note.

Dec. 11

Sold goods to Ralph Kremer, Inc., receiving a $6,750, 90-day, 8% note.

16

Received a $4,000, 180 day, 9% note in exchange for Joe Fernetti"s outstanding accounts receivable.

31

Accrued interest revenue on all notes receivable

Answers

Maurice Tutor
(5)
Status NEW Posted 21 Aug 2017 04:08 PM My Price 5.00

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