These transactions took place for Swifty Corporation CALCULATOR FULL SCREEN PRINTER...
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These transactions took place for Swifty Corporation CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT 2021 May 1 Received a $3,300, 12-month, 6% note in exchange for an outstanding account receivable from R. Stoney, Dec. 31 Accrued interest revenue on the R. Stoney note. 2022 May 1 Received principal plus interest on the R. Stoney note. (No interest has been accrued since December 31, 2021.) Record the transactions in the general journal. The company does not make entries to accrue interest except at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit May 1, 2021 Notes Receivable 3300 Accounts Receivable 3300 M Dec 31, 2021 Interest Receivable 176 Interest Revenue 176 May 1, 2022 Cash 3542 Notes Receivable 3300 Interest Recolvable 176 Interest Revenue 66
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