The following selected transactions occurred during 2019 for Northwest Movers.The company ends it accounting year on December 31.
$\begin{array}{|l|l|}
\hline \text { Apr. } 1 & \text { Performed services on account for Ellison Rentals, } \$ 12,000 . \
\hline & \text { Received a } \$ 12,000,3 \text { month, } 9 \% \text { note from Ellison in } \
\text { Aug. } 1 & \text { Fatisfaction of its past-due account receivable. } \
\hline \text { Nov. } 1 & \text { Collected the Ellison note at maturity }\
\hline
\end{array}$ Prepare the journal entries to record these transactions.Omit explanations.

Question

The following selected transactions occurred during 2019 for Northwest Movers.The company ends it accounting year on December 31.
 $\begin{array}{|l|l|}
\hline \text { Apr. } 1 & \text { Performed services on account for Ellison Rentals, } \$ 12,000 . \
\hline & \text { Received a } \$ 12,000,3 \text { month, } 9 \% \text { note from Ellison in } \
\text { Aug. } 1 & \text { Fatisfaction of its past-due account receivable. } \
\hline \text { Nov. } 1 & \text { Collected the Ellison note at maturity }\
\hline 
\end{array}$ Prepare the journal entries to record these transactions.Omit explanations.

Quizplus · Accepted Answer

The Answer of The following selected transactions occurred during 2019 for Northwest Movers.The company ends it accounting year on December 31.
 $\begin{array}{|l|l|}
\hline \text { Apr. } 1 & \text { Performed services on account for Ellison Rentals, } \$ 12,000 . \
\hline & \text { Received a } \$ 12,000,3 \text { month, } 9 \% \text { note from Ellison in } \
\text { Aug. } 1 & \text { Fatisfaction of its past-due account receivable. } \
\hline \text { Nov. } 1 & \text { Collected the Ellison note at maturity }\
\hline 
\end{array}$ Prepare the journal entries to record these transactions.Omit explanations.

The Following Selected Transactions Occurred During 2019 for Northwest Movers