Malone Supply Co. has the following transactions related to notes
receivable during the last 2 months of the year. The company does not
make entries to accrue interest except at December 31.
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1.
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Nov. 1
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Loaned $50,700 cash to B. Carr on a 12-month, 7% note.
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2.
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Dec. 11
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Sold goods to R. P. Kiner, Inc., receiving a
$4,000, 90-day, 8% note.
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3.
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Dec. 16
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Received a $12,200, 180-day, 10% note to settle an
open account from M. Adcock.
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4.
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Dec. 31
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Accrued interest revenue on all notes receivable.
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Journalize the transactions for Malone Supply Co. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,250.)
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No.
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Date
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Account
Titles and Explanation
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Debit
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Credit
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1.
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2.
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3.
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4.
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