Question

Corning Gorilla Glass C Get Homework Help With Chegex x Fun Ouestions to Ask A great X PLUS Homepage * Wiley PLUS e dugen wileyplus.com/edugen/lt/main uni c > Open Assignment ENTRESOURCES Record the collection of the Lopez note at its maturity in 2021. Credit account titles are automatically indented when amoun Account Titles and Explanation Credit Dec. 31. Cash Interval Interest Revenue Click if you would like to Show Work for this question Open Show Work Question Attempts of us 2 si

Answer 1

Nov 1	Notes Receivable	14000
	Cash		14000
Dec 11	Notes Receivable	28800
	Sales Revenue		28800
Dec 16	Notes Receivable	28600
	Accounts receivable		28600
Dec 31	Interest Receivable	583
	Interest revenue		583
Nov 1	Cash	15680
	Interest Receivable		280
	Interest revenue		1400	=14000*12%*10/12
	Notes Receivable		14000
	Workings:
	Lopez note	280		=14000*12%*2/12
	Kremer note	160		=28800*10%*20/360
	Fernetti note	143		=28600*12%*15/360
	Interest Receivable	583