Record the following transactions for Icke Ice Co. in the general journal
May 1 Received a $10,500, one-year, 10 percent note on account from Paul’s Hamburger
Dec. 31 Accrued interest on the note
Dec. 31 Closed the interest revenue account
May 1 Received principal plus interest on the note (No interest has been accrued in 2003.)
At December 31, 2004, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $12,000.
Prepare the entry to record the sales transactions and related taxes for each client
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.