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QUESTION
The following selected transactions occurred during 2016 for Mitchell Movers. The company ends it accounting year on December 31. 1 Performed...
The following selected transactions occurred during 2016 for Mitchell Movers. The company ends it accounting year on December 31.
Apr. 1 Performed services on account for Ellison Rentals, $12,000.
Aug. 1 Received a $12,000, 3 month, 9% note from Ellison in satisfaction of its past-due account receivable.
Nov. 1 Collected the Ellison note at maturity
Conduct the journal entries to record these transactions.
