Course Solutions Uncategorized (Solved) : M Sure Answers Integers Find Correct Results Round Results Asked Question Thanks Q33141360 . . . .

(Solved) : M Sure Answers Integers Find Correct Results Round Results Asked Question Thanks Q33141360 . . . .

 

Exercise 8-8 These transactions took place for Glavine Co 2013 1, May 1 Received a $6,200, 12-month, 8% note in exchange for an outstanding account receivable from S. Rooney 2. Dec. 31 Accrued interest revenue on the S. Rooney note 2014 3. May 1 Received principal plus interest on the S. Rooney note. (No interest has been accrued since December 31, 2013.) 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. Round answers to O decimal places, e.g. 5,250.) No. Date Account Titles and Explanation Debit Credit May 1, 2013 # Notes Receivable 6,200 Accounts Receivable 6,200 Dec. 31, 2013Interest Receivable 330.6 Interest Revenue 330.6 3. May 1, 2014 # Cash 6,695.9 Notes Receivable Interest Revenue Interest Receivable 6,200 165.3 330.6

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