Business, 05.05.2020 20:12 thatcommondumbgirl

Journalize all transactions for Jo Jo Music. Round all amounts to the nearest dollar. (For notes stated in days, use a 360-day year.) (Round your final answers to the nearest whole dollar. Record debits first, then credits. Exclude explanations from journal entries.)

Dec. 6 Received a $ 9,000?, 90?-day, 12?%note in settlement of an overdue accounts receivable from Concord Sounds.

Dec. 31: Made an adjusting entry to accrue interest on theConcord Sounds note.

Dec 31: Made a closing entry for interest revenue.

Mar.6: Collected the maturity value of the Concord Sounds note. (Prepare a single compound journal entry.)

Jun. 30: Loaned $ 11,000 cash to Main Street Music, receiving a six-month, 12% note.

Oct. 2: Received a $ 9,000, 60-day,12% note for a sale to Salem Sounds. Ignore Cost of Goods Sold.

Dec. 1: Salem Sounds dishonored its note at maturity. (Prepare a single compound journal entry.)

Dec. 1: Wrote off the receivable associated with Salem Sounds. (Use the allowance method.)

Dec. 30: Collected the maturity value of the Main Street Music note. (Prepare a single compound journal entry.)

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Journalize all transactions for Jo Jo Music. Round all amounts to the nearest dollar. (For notes sta...

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