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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Cathy Realty loaned money and received the following notes during 2008.
Note Date Principal Amount Interest Rate Terms
1 Dec 23 $13,000 9% 1 year
2 Nov 30 12,000 12% 6 months
3 Dec 7 9,000 10% 30 days
Requirements
Journalize the entry to record the inception of the three notes and also journalize a single adjusting entry at October 31, 2010, the fiscal year end, to record and accrued interest revenue on all three notes.
Journalize the collecction of principal and interest at maturity of all three notes.
Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll