Carlson Corporation Engaged in the Following Transactions Involving Promissory Notes $\$ 30,000$

question 175

Essay

Carlson Corporation engaged in the following transactions involving promissory notes in 2009 and 2010.Journalize these transactions in the journal provided.(Omit explanations.)Round to nearest whole dollar.
2009
1 Sold land to Duane Eppy for $\$ 30,000$ . A six-month, 10 percent note was received in exchange (no gain or loss realized).
1 Received a 30-day, 12 percent note receivable from Tricha Kalson in settlement of her accounts receivable of $\$ 500$ .

Dec. 1 Tricha Kalson dishonored her note issued 30 days earlier. Round to nearest whole dollar.
31 Recorded accined interest on the note received on September 1.

2010
Mar. 1 Received payment in full from Duane Eppy.

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Definitions:

Thermometer

An instrument used to measure temperature, often used in medical settings to determine body temperature.

Heat Control

The process of maintaining an appropriate body temperature through physiological mechanisms.

Auscultatory Gap

A period where no sound is heard in the systolic phase during blood pressure measurement, which can lead to an underestimation of systolic pressure.

Korotkoff Sounds

The sounds a healthcare provider listens for when measuring blood pressure with a sphygmomanometer and stethoscope.