Windsor, Inc. has the following transactions related to notes receivable during the last 2 months of the year. The company does not make entries to accrue interest except at December 31. (Omit cost of goods sold entries.)
Nov. 1 |
Loaned $56,400 cash to C. Bohr on a 12-month, 6% note. |
Dec. 11 |
Sold goods to K. R. Pine, Inc., receiving a $7,200, 90-day, 7% note. |
Dec. 16 |
Received a $4,800, 180-day, 10% note to settle an open account from A. Murdock. |
Dec. 31 |
Accrued interest revenue on all notes receivable. |
Journalize the transactions for Windsor, Inc. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)