Hot Heat Steam Cleaning performs services on account. When a customer account be
ID: 2451285 • Letter: H
Question
Hot Heat Steam Cleaning performs services on account. When a customer account becomes four months olds, Hot Heat converts the account to a note receivable with interest. During 2014, the company completed the following transaction.
Record the journal entries for Hot Heat Team Cleaning.
April 28 Performed services on account for Sinclair Club, $18,000 Sept. 1 Received an $18,000, 60 day, 9% note from Sinclair Club in satisfaction of its past-due account receivable. Oct. 31 Collected the Sinclair Club note at maturity, including interes. ( use a 360 day year)Explanation / Answer
Hot Heat Steam Cleaning performs services on account. When a customer account be
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