Business, 05.11.2019 00:31 lizzbugg9880

On january 1, 2017, harter company had accounts receivable $139,000, notes receivable $25,000, and allowance for doubtful accounts $13,200. the note receivable is from willingham company. it is a 4-month, 9% note dated december 31, 2016. harter company prepares financial statements annually at december 31. during the year, the following selected transactions occurred.1. jan. 5 sold $20,000 of merchandise to sheldon company, terms n/15.2. jan 20. accepted sheldon company's $20,000, 3-month, 8% note for balance due.3. feb 18. sold $8,000 of merchandise to patwary company and accepted patwary's $8,000, 6-month, 9% note for the amount due.4. april 20 collected sheldon company notes in full.5. april 30 received payment in full from willingham company on the amount due.6. may 25 accepted potter inc.'s $6,000, 3-month, 7% note in settlement of a past-due balance on the account? 7. august 18 received payment in full from patwary company on a note due.8. august 25 the potter inc. note was dishonored. potter inc. is not bankrupt; future payment is anticipated.9. sept 1 sold $12,000 of merchandise to stanbrough company and accepted a $12,000, 6- month, 10% note for the amount due. required: journalize the transactions.

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On january 1, 2017, harter company had accounts receivable $139,000, notes receivable $25,000, and a...

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