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1. Window World extended credit to customer Nile Jenkins in the amount of $130,900 for his purchase of window treatments on April 2. Terms of the sale are n/150. The cost of the purchase to Window World is $56,200. On September 4, Window World determined that Nile Jenkins account was uncollectible and wrote off the debt. On December 3, Mr. Jenkins unexpectedly paid in full on his account. Prepare a tabular analysis to record each Window World transaction with Nile Jenkins. Remember to include a date on each transaction, and explanations for any changes in revenue and expenses.

2. Anderson Air is a customer of Handler Cleaning Operations. For Anderson Airs latest purchase on January 1st, Handler Cleaning Operations issues a note with a principal amount of $1,255,000, 6% annual interest rate, and a 24-month maturity date on December 31st. Prepare a tabular summary for Handler Cleaning Operations for the following transactions. Remember to include a date on each transaction, and explanations for any changes in revenue and expenses.

A. Issuance of the note

B. Interest on December 31, Year 1 (be sure to include interest calculation)

C. Final payment of note at maturity on December 31, Year 2

PLESE NOTE THESE ARE NOT JOURNAL ENTRIES THEY ARE TABULAR ANALYSIS

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