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Dec 5,2018 Collected the maturity value of the Lawn Pro note. Make sure to determine the...

Question:

Dec 5,2018 Collected the maturity value of the Lawn Pro note. Make sure to determine the missing maturity date. On Sept 6 loan Sold goods to Lawn Pro receiving a​ 90-day, 6​% note for $11,000. Ignore Cost of Goods Sold


Answers

Credit Date Sept. 6 Account title Note receivable Sales revenue Debit 11,000 11,000 Dec. 5 11,165 Cash Interest revenue Note

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