The following data relate to notes receivable and interest for CGH Cable Co., a

Question

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.)

Journalize the entries to record the transactions. Refer to the Chart of Accounts for exact wording of account titles.

Apr. 10. Received a $171,000, 6%, 60-day note on account. May 15. Received a $285,300, 8%, 120-day note on account. June 9. Received $172,710 on note of April 10. Aug. 22. Received a $165,200, 4%, 45-day note on account. Sept. 12. Received $292,908 on note of May 15. 30. Received a $195,000, 7%, 60-day note on account. Oct. 6. Received $166,026 on note of August 22. 18. Received a 141,600, 4%, 60-day note on account. Nov. 29. Received $197,275 on note of September 30. Dec. 17. Received $142,544 on note of October 18.

Explanation / Answer

The following data relate to notes receivable and interest for CGH Cable Co., a

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