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July 23, 2014

Homework Help: Accounting

Posted by Rescueme417 on Monday, November 26, 2012 at 2:25pm.

Journalize the following transactions for Tammy Company:

Sept. 1 Sold $3,500 of merchandise to Jim on account
Oct. 1 Exchanged Jimís account receivable for a fourmonth, 8% note for $3,500
Dec. 31 Recorded accrued interest on Jimís note
Feb. 1 Jim paid off his note with interest (round to
nearest dollar)

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