Question - The following data relate to notes receivable and interest for Clyde Park Optic Co., a cable manufacturer and supplier. (All notes are dated as of the day they are received.)
June 4. Received an $18,800, 9%, 60-day note on account.
July 15. Received a $27,000, 10%, 120-day note on account.
Aug. 3. Received $19,082 on note of June 4.
Sept. 1. Received a $24,000, 9%, 60-day note on account.
Oct. 31. Received $24,360 on note of September 1.
Nov. 5. Received a $9,600, 7%, 30-day note on account.
Nov. 12. Received $27,900 on note of July 15.
Nov. 30. Received a $15,000, 10%, 30-day note on account.
Dec. 5. Received $9,656 on note of November 5.
Dec. 30. Received $15,125 on note of November 30.
Journalize entries to record the transactions.