90.2K

Verified Solution

Link Copied!

ce Lyrics A Man's Thoug Saved assigned Homework E8-11 Recording Note Receivable Transactions, including Accrual Adjustment for Intere The following transactions took place for Parker's Grocery a. Jan. 1 Loaned $43,000 to a cashier of the company and received back a one-year, 9 percent note. b. June 30 Accrued interest on the note. c. Dec. 31 Received interest on the note. (No interest has been recorded since June 30.) d. Dec. 31 Received principal on the note. Required: Prepare the journal entries that Parker's Grocery would record for the above transactions. (If no entry is required transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet es 2 3 4 > Record the receipt of a note on January 1 for a $43,000 loan to an employee. Note: Enter debits before credits Date Jan 01 General Journal Debit Credit F3 54 FB F7 DI FB % E8-11 Recording Note Receivable Transactions, Including Accrual Adjustment The following transactions took place for Parker's Grocery. a. Jan. 1 Loaned $43,000 to a cashier of the company and received back a one-year, 9 pere b. June 30 Acerued interest on the note. c. Dec. 31 Received interest on the note. (No interest has been recorded since June 30.) d. Dec. 31 Received principal on the note. Required: Prepare the journal entries that Parker's Grocery would record for the above transactions. (If no entry transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet ces 80 DOO DOO 25 E7 FB + The following transactions took place for Parker's Grocery. a. Jan. 1 Loaned $43,000 to a cashier of the company and received back a one-year, b. June 30 Accrued interest on the note. c. Dec. 31 Received interest on the note. (No interest has been recorded since June d. Dec. 31 Received principal on the note. Required: Prepare the journal entries that Parker's Grocery would record for the above transactions. (If no transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet es 20 13 4 16 22 DI FB 2. % 3. 4 5. E8-11 Recording Note Receivable Transactions, Including Accrual Adjustment for Interest [LO The following transactions took place for Parker's Grocery 1. Jan. 1 Loaned $43,000 to a cashier of the company and received back a one-year, 9 percent note. b. June 30 Accrued interest on the note. c. Dec. 31 Received interest on the note. (No interest has been recorded since June 30.) d. Dec. 31 Received principal on the note. Required: Prepare the journal entries that Parker's Grocery would record for the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 80 3 9 DU FB F9 @ # $ & 2 3 4 % 5 6 7 8. 9 W

Answer & Explanation Solved by verified expert

See Answer