Reference no: EM132452177
Problem - Nash's Trading Post, LLC 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. (Omit cost of goods sold entries.)
Nov. 1 Loaned $52,800 cash to C. Bohr on a 12-month, 8% note.
Dec. 11 Sold goods to K. R. Pine, Inc., receiving a 53,600, 90-day, 9% note.
Dec. 16 Received a 57,200, 180-day, 9% note to settle an open account from A. Murdock.
Dec. 31 Accrued interest revenue on all notes receivable.
Required - Journalize the transactions for Nash's Trading Post, LLC.