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need help filling in the rest! Review the following note receivable transactions...

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Accounting

need help filling in the rest! image
Review the following note receivable transactions in the journal of Red Sea Services Red Sea Services has a December 31 fiscal year-end (Click the icon to view the transactions.) Read the requirements Requirement 1. Record the preceding note receivable transactions in the foumal of Red Sea Services Use a 365-day year for interest computations, and round Interest amounts to the nearest dollar Oct 1 Loaned $20,000 cash to Be Fajar on a one-year, 7% note Journal Entry Requirements Date Accounts Debit Credit Oct 1 Note Receivable. B. Fajar 20,000 Cash 20,000 1. Record the not receivable transactions in the Journal of Red Sea Services Use a 365-day year for interest computations, and round interest amounts to the nearest dollar 2. How much interest revenue did Red Sea earn this year? Deco Performed service for Fairway Pro, receiving a 90-day, 10% note for $7,000 Journal Entry Print Done Date Debit Credit Accounts Interest Receivable Doc

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