On March 31, 2018, Dučóté Bödy Shop was införmed that a 1,000 hote that he was noloaing will be The note had accrued $140 in interest. 4. On December 31, 2019, Don accepted a note receivable from Mike's Builders for $1,000 as a good faith promise to pay for electrical engineering services rendered that week. The terms of the note are: Face $1,000, Interest 7%, Due in 180 Days. Prepare Don's journal entry for December 31, 2019. 5. Same facts as above. Prepare the journal entry for Don on March 31, 2020 (quarterly) pertaining to the note.

On March 31, 2018, Dučóté Bödy Shop was införmed that a 1,000 hote that he was noloaing will be The note had accrued $140 in interest. 4. On December 31, 2019, Don accepted a note receivable from Mike's Builders for $1,000 as a good faith promise to pay for electrical engineering services rendered that week. The terms of the note are: Face $1,000, Interest 7%, Due in 180 Days. Prepare Don's journal entry for December 31, 2019. 5. Same facts as above. Prepare the journal entry for Don on March 31, 2020 (quarterly) pertaining to the note.

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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Please help me. Thankyou.
Please answer both. This is part A and B
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