These transactions took place for Skysong, Inc. 2021 May 1 Received a $3,300, 12-month, 7% note…
These transactions took place for Skysong, Inc. 2021 May 1 Received a $3,300, 12-month, 7% note in exchange for an outstanding account receivable from R. Stoney. Dec. 31 Accrued interest revenue on the R. Stoney note. 2022 May 1 Received principal plus interest on the R. Stoney note. (No interest has been accrued since December 31, 2021.) Record the transactions in the general journal. The […]