Decca Distributors Has the Following Transactions Related to Notes Receivable

question 69

Essay

Decca Distributors has the following transactions related to notes receivable during the last month of the year.
Dec. 1 Loaned $12000 cash to J. Cash on a 1-year 5% note.
16 Sold goods to W. Jennings receiving a $10000 60-day 6% note.
31 Accrued interest revenue on all notes receivable.
Instructions
Journalize the transactions for Decca Distributors.

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Definitions:

Continuance Commitment

An individual's psychological attachment to an organization, based on the costs they associate with leaving it.

Afford to Leave

The financial capacity or personal situation that allows an individual to exit a job, relationship, or situation without facing significant hardship.

Employee Tendency

The general patterns or propensities of behavior and attitudes exhibited by employees in the workplace.

Normative Commitment

An individual's sense of obligation to stay with an organization due to shared values or beliefs.