Fill in the necessary information identified by the numbering to complete the journal entries at the given dates.   a.     October 1, 2022         Dr.           Cr. I III   II   III                         I  Answer 1 Question 6             II  Answer 2 Question 6             III  $Answer 3 Question 6   b.     December 31, 2022     Dr.        Cr. I III   II   III                         I  Answer 4 Question 6             II  Answer 5 Question 6             III  $Answer 6 Question 6   c.     October 1, 2023       Dr.            Cr. I III   II   IV             Interest Revenue   V

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question 6 - : On October 1, 2022, Xerox Equipment Inc. sold specialized office equipment to Bellamy Co. and received a 2-year, $120,000 8% note in lieu of cash.  Interest is received annually on the note on October 1 and Xerox financial year ends December 31. 

Fill in the necessary information identified by the numbering to complete the journal entries at the given dates.

 

a.     October 1, 2022         Dr.           Cr.

I

III

 

II

 

III

           

            I  Answer 1 Question 6

            II  Answer 2 Question 6

            III  $Answer 3 Question 6

 

b.     December 31, 2022     Dr.        Cr.

I

III

 

II

 

III

           

            I  Answer 4 Question 6

            II  Answer 5 Question 6

            III  $Answer 6 Question 6

 

c.     October 1, 2023       Dr.            Cr.

I

III

 

II

 

IV

            Interest Revenue

 

V

           

            I  Answer 7 Question 6

            II  Answer 8 Question 6

            III  $Answer 9 Question 6

            IV  $Answer 10 Question 6

            V  $Answer 11 Question 6

 
 
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