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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.

Accounting (Text Only)
Accounting (Text Only)
26th Edition
ISBN:9781285743615
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter9: Receivables
Section: Chapter Questions
Problem 9.4BPR: Details of notes receivable and related entries Gen-X Ads Co. produces advertising videos. During...
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PR 9-5A Notes Receivable Entries OBJ. 6 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. 15. Received a $270,000, 7%, 120-day note on account. May June 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. Oct. Nov. Dec. Instructions Journalize the entries to record the transactions.
Transcribed Image Text:PR 9-5A Notes Receivable Entries OBJ. 6 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. 15. Received a $270,000, 7%, 120-day note on account. May June 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. Oct. Nov. Dec. Instructions Journalize the entries to record the transactions.
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