Decca Distributors has the following transactions related to notes receivable during the last month of the year.
Dec. 1 Loaned $12000 cash to J. Cash on a 1-year 5% note.
16 Sold goods to W. Jennings receiving a $10000 60-day 6% note.
31 Accrued interest revenue on all notes receivable.
Instructions
Journalize the transactions for Decca Distributors.

Question

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The Answer of Decca Distributors has the following transactions related to notes receivable during the last month of the year.
Dec. 1 Loaned $12000 cash to J. Cash on a 1-year 5% note.
16 Sold goods to W. Jennings receiving a $10000 60-day 6% note.
31 Accrued interest revenue on all notes receivable.
Instructions
Journalize the transactions for Decca Distributors.

Decca Distributors Has the Following Transactions Related to Notes Receivable