Orosco supply co. has the following transactions related to, Ask an Expert

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Orosco Supply Co. has the following transactions related to notes receivable during the last 2 months of 2008.

Nov. 1 Loaned $15,330 cash to Sally Givens on a 1-year, 12% note.

Dec. 11 Sold goods to John Countryman, Inc., receiving a $9,680, 90-day, 8% note.

16 Received a $4,973, 6-month, 9% note in exchange for Bob Reber's outstanding accounts receivable.

31 Accrued interest revenue on all notes receivable.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M976780

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