The following data relate to notes receivable and interest for CGH Cable Co., a cable...
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The following data relate to notes receivable and interest for CGH Cable Co., a cable manufacturer and supplier. (All notes are dated as of the day they are received.) Apr. 10. Received a $135,600, 5%, 60-day note on account. May 15. Received a $252,900, 7%, 120-day note on account. June 9. Received $136,730 on note of April 10. Aug. 22. Received a $110,800, 3%, 45-day note on account. Sept. 12. Received $258,801 on note of May 15. 30. Received a $183,600, 8%, 60-day note on account. Oct. 6. Received $111,216 on note of August 22. 18. Received a 142,200, 5%, 60-day note on account. Nov. 29. Received $186,048 on note of September 30. Dec. 17. Received $143,385 on note of October 18.
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