Journalize the following transactions of Upton Drugs: July 8 -Select-Accounts Re

Question

Journalize the following transactions of Upton Drugs:

July 8 -Select-Accounts Receivable-Miracle Chemical CompanyNotes ReceivableBad Debt ExpenseInterest ReceivableCashItem 1 -Select-Accounts Receivable-Miracle Chemical CompanyNotes ReceivableBad Debt ExpenseInterest RevenueCashItem 3 Oct. 6 -Select-Accounts Receivable-Miracle Chemical CompanyNotes ReceivableBad Debt ExpenseInterest ReceivableCashItem 5 -Select-Allowance for Doubtful AccountsAccounts Receivable-Miracle Chemical CompanyNotes ReceivableBad Debt ExpenseCashItem 7 -Select-Bad Debt ExpenseAccounts Receivable-Miracle Chemical CompanyInterest ExpenseInterest RevenueCashItem 9 Nov. 5 -Select-Accounts Receivable-Miracle Chemical CompanyNotes ReceivableInterest ReceivableCashBad Debt ExpenseItem 11 -Select-Accounts Receivable-Miracle Chemical CompanyNotes ReceivableBad Debt ExpenseInterest ReceivableCashItem 13 -Select-Bad Debt ExpenseInterest ReceivableInterest ExpenseInterest RevenueCashItem 15

Explanation / Answer

July 8

Notes Receivable Dr 180000
Accounts Receivable Cr 180000

October 6

Accounts Receivable Dr 180000

Notes Receivable Cr 180000

November 5

Cash Dr 181500
Accounts Receivable Cr 180000
Interest Revenue Cr 1500

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