Business, 17.12.2019 23:31 jackieespi1461

Ossom company closes its books on its july 31 year-end. the company does not make entries to accrue for interest except at its year-end. on june 30, the notes receivable account balance is $26,200. notes receivable include the following. date maker face value term maturity date interest rate april 21 coote inc. $4,000 90 days july 20 7% may 25 brady co. 7,800 60 days july 24 10% june 30 bmg corp. 14,400 6 months december 31 7% during july, the following transactions were completed. july 5 made sales of $4,200 on blossom company credit cards. 14 made sales of $900 on visa credit cards. the credit card service charge is 3%. 20 received payment in full from coote inc. on the amount due. 24 received payment in full from brady co. on the amount due.

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Ossom company closes its books on its july 31 year-end. the company does not make entries to accrue...