Flint Distributors Has the Following Transactions Related to Notes Receivable

question 269

Essay

Flint Distributors has the following transactions related to notes receivable during the last two months of the year.
Dec. 1 Loaned $18,000 cash to G. Kingsley on a 1-year, 6% note.
16 Sold goods to D. Jones, receiving a $4,800, 60-day, 7% note.
31 Accrued interest revenue on all notes receivable.
Instructions
Journalize the transactions for Flint Distributors.

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Definitions:

Government Setting

Describes the environment or context within which governmental policies, activities, and interactions occur.

Corporate Public Affairs

A strategic management function that helps a company communicate with stakeholders and manage its external environment.

Government Relations

Government relations entail the strategic management of interactions and communications between an organization and governmental bodies, aimed at influencing public policy and regulations to support the organization's goals.

Lobbying

A process where individuals, groups, or organizations attempt to influence governmental policies, laws, or decisions in their favor.