The following data relate to notes receivable and interest for CGH Cable Co., a cable manufacturer and supplier. (All notes are dated as of the day they are received.) 10. Received a $144,000, 5%, 60-day note on account. 15. Received a $270,000, 7%, 120-day note on account. 9. Received $145,200 on note of April 10. Aug. 22. Received a $150,000, 4%, 45-day note on account. Sept. 12. Received $276,300 on note of May 15. 30. Received a $210,000, 8%, 60-day note on account. 6. Received $150,750 on note of August 22. 18. Received a $120,000, 5%, 60-day note on account. 29. Received $212,800 on note of September 30. 17. Received $121,000 on note of October 18. Apr. May June Oct. Nov. Dec. Instructions Journalize the entries to record the transactions.

The following data relate to notes receivable and interest for CGH Cable Co., a cable manufacturer and supplier. (All notes are dated as of the day they are received.) 10. Received a $144,000, 5%, 60-day note on account. 15. Received a $270,000, 7%, 120-day note on account. 9. Received $145,200 on note of April 10. Aug. 22. Received a $150,000, 4%, 45-day note on account. Sept. 12. Received $276,300 on note of May 15. 30. Received a $210,000, 8%, 60-day note on account. 6. Received $150,750 on note of August 22. 18. Received a $120,000, 5%, 60-day note on account. 29. Received $212,800 on note of September 30. 17. Received $121,000 on note of October 18. Apr. May June Oct. Nov. Dec. Instructions Journalize the entries to record the transactions.

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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