June 1 Received a $6,000, 12%, 1-year note from Sue Forest as full payment on her account. Account Blank 1 Dr. Blank 2 Account Blank 3 Cr. Blank 4 Nov. 1 Sold merchandise on account to Reeves, Inc., for $7,000, terms 2/10, n/30. AccountBlank 5 Dr. Blank 6 Account Blank 7 Cr. Blank 8 Nov. 5 Reeves, Inc., returned merchandise worth $1,000. AccountBlank 9 Dr. Blank 10 Account Blank 11 Cr. Blank 12 Nov. 9 Received payment in full from Reeves, Inc. AccountBlank 13 Dr. Blank 14 AccountBlank 15 Dr. Blank 16 Account Blank 17 Cr. Blank 18 Dec. 31 Accrued interest on Forest's note. AccountBlank 19 Dr. Blank 20 Account Blank 21 Cr. Blank 22
June 1 Received a $6,000, 12%, 1-year note from Sue Forest as full payment on her account.
Account Blank 1 Dr. Blank 2
Account Blank 3 Cr. Blank 4
Nov. 1 Sold merchandise on account to Reeves, Inc., for $7,000, terms 2/10, n/30.
AccountBlank 5 Dr. Blank 6
Account Blank 7 Cr. Blank 8
Nov. 5 Reeves, Inc., returned merchandise worth $1,000.
AccountBlank 9 Dr. Blank 10
Account Blank 11 Cr. Blank 12
Nov. 9 Received payment in full from Reeves, Inc.
AccountBlank 13 Dr. Blank 14
AccountBlank 15 Dr. Blank 16
Account Blank 17 Cr. Blank 18
Dec. 31 Accrued interest on Forest's note.
AccountBlank 19 Dr. Blank 20
Account Blank 21 Cr. Blank 22
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 1 images