Alpha Company had the following events during FY 2017: Date: Event Jan. 2 Accepted Bravo Company's 4 month, 12% note, as settlement of an outstanding...

Having trouble with the Quarterly entries also does Bravo Company pay 800 in interest since the paid a month late?

Alpha Company had the following events during FY 2017: Date: Event Jan. 2 Accepted Bravo Company's 4 month, 12% note, as settlement of an outstanding $15,000 accounts receivable forgoods sold in the prior year. Jan. 15 Sold, $10,000 of equipment (from merchandise inventory) to Charlie Company and accepted a 9 months, 12%note. Jan. 20 Loaned Delta Company $30,000 cash and accepted a 90 days, 12% note.Apr. 20 Received payment from Delta Company. May 1 Received payment from Bravo Company. Oct. 16 Received payment from Charlie Company. Alpha Company uses the periodic system for inventory sales and prepares quarterly adjusting entries. Use this informationto prepare the compound General Journal entries (without explanation) for all events related to the notes. Students may addthe company names after the notes receivable account names to further identify the various subsidiary note transactions. Calculations for any interest must be done on a standard 360 day year for notes where the term is set in days. Use wholemonths (or fractions thereof) for notes with term limits set in months or years. :flgw'FormaIVBIu'EE::' '" General Journal Jan. 2 Notes Receivable (Bravo) 15,000 Save