Following are transactions for Ridge Company. March 21 Accepted a $9,600,180-day, 9% note from...
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Accounting
Following are transactions for Ridge Company. March Accepted a $day, note from Tamara Jackson in granting a time extension on her pastdue account receivable. September Jackson dishonored her note. December After trying several times to collect, Ridge Company wrote off Jackson's account against the Allowance for Doubtful Accounts. Complete the table to calculate the interest amounts at September and use the calculated value to prepare your journal entries. Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar. Use days a year. Complete this question by entering your answers in the tabs below. Interest General Amounts Journal Complete the table to calculate the interest amounts at September
Following are transactions for Ridge Company.
March Accepted a $day, note from Tamara Jackson in granting a time extension on her pastdue
account receivable.
September Jackson dishonored her note.
December After trying several times to collect, Ridge Company wrote off Jackson's account against the Allowance for
Doubtful Accounts.
Complete the table to calculate the interest amounts at September and use the calculated value to prepare your journal entries.
Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar. Use days a year.
Complete this question by entering your answers in the tabs below.
Interest
General
Amounts
Journal
Complete the table to calculate the interest amounts at September
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