- Nov Problem 2 Harris Supply Co Has The Following Transactions Related To Notes Receivable During The Last 2 Months Of 1 (21.14 KiB) Viewed 15 times
Nov. PROBLEM 2 Harris Supply Co. has the following transactions related to notes receivable during the last 2 months of
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Nov. PROBLEM 2 Harris Supply Co. has the following transactions related to notes receivable during the last 2 months of
Nov. PROBLEM 2 Harris Supply Co. has the following transactions related to notes receivable during the last 2 months of the year. 1 Loaned $90,000 cash to B. Woods on a 1-year, 7% note. Dec 11 Sold goods to R.P. Mayrl, Inc. receiving a $4,500, 90-day, 4% note. 16 Received a $12,000, 6-month, 9% note to settle an open account from M. Kline. 31 Accrued interest revenue on all notes receivable. Instructions: Journalize the transactions for Harris Supply Co. (Omit cost of goods sold entries.)