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Instructions 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 Apr 10 Received

Instructions 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.) Apr. 10. Received a $144,000,5%, 60-day note on account. May 15. June 9. Aug. 22 Received a $270,000,7%, 120-day note on account. Received $145,200 on note of April 10. Received a $150,000. 496.45-day note on account. Received $276,300 on note of May 15 Received a $210,000 8% 60-day note on account Received $150.750 on note of August 22 Received a 120,000, 59, 60-day note on account 30. Oct. 6.
Nov. 29. Dec. 17 Received $212,800 on note of September 30 Received $121,000 on note of October 18. Required: Journalize the entries to record the transactions. Refer to the Chart of Accounts for exact wording of account titles. Assume a 360-day year when calculating interest
Instruction Chart of Accounts Journal Instructions Chart of Accounts Journal JOURNAL ACCOUNTING DESCRIPTION POST, REF DEBIT CREDIT ASSETS LIABILIT

Aug 15 2020 View more View Less

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