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Dec 31 Accrued interest revenue for the year.   Accrue interest revenue on all of the notes in one entry. ​(Use a​ 365-day year for interest computations. Round intermediary calculations and your final answer to the nearest whole​ dollar.)   Oct 1   Loaned $14,000 cash to Blake Shyne on a​ one-year, 5​% note. Dec 6   Performed service for Putt Masters​, receiving a​ 90-day, 10​% note for $9,000. 16   Received a $2,000​, ​six-month, 10​% note on account from Wader Company. 31   Accrued interest revenue for the year.

Dec 31 Accrued interest revenue for the year.   Accrue interest revenue on all of the notes in one entry. ​(Use a​ 365-day year for interest computations. Round intermediary calculations and your final answer to the nearest whole​ dollar.)   Oct 1   Loaned $14,000 cash to Blake Shyne on a​ one-year, 5​% note. Dec 6   Performed service for Putt Masters​, receiving a​ 90-day, 10​% note for $9,000. 16   Received a $2,000​, ​six-month, 10​% note on account from Wader Company. 31   Accrued interest revenue for the year.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Dec 31
Accrued interest revenue for the year.
 
Accrue interest revenue on all of the notes in one entry. ​(Use a​ 365-day year for interest computations. Round intermediary calculations and your final answer to the nearest whole​ dollar.)
 
Oct 1
 
Loaned
$14,000
cash to
Blake
Shyne
on a​ one-year,
5​%
note.
Dec 6
 
Performed service for
Putt Masters​,
receiving a​ 90-day,
10​%
note for
$9,000.
16
 
Received a
$2,000​,
​six-month,
10​%
note on account from
Wader
Company.
31
 
Accrued interest revenue for the year.
 
Journal Entry
Date
Accounts
Debit
Credit
Dec 31
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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