Journalize the Following Transactions for Solley Company That Occurred During

question 104

Essay

Journalize the following transactions for Solley Company that occurred during 2011 and 2012.
November 14, 2011 Received a $4,800.00, 90-day, 9% note from Alan Hibbetts in payment of his account.
December 31, 2011 Accrued interest on the Hibbetts note.
February 12, 2012 Received the amount due from Hibbetts on his note.

---

Definitions:

Chronically Unemployed

Individuals who experience long-term unemployment, often due to systemic issues, lack of skills, or significant shifts in the economy, facing difficulties in finding stable work.

White Urban

Referring to the demographic and sociocultural aspects of urban areas predominantly inhabited or characterized by white populations.

African-Americans

Individuals in the United States with partial or total ancestry from any of the black racial groups of Africa.

Latinos

Individuals of Latin American origin or descent, often residing in the United States, encompassing a diverse range of cultures, ethnicities, and national backgrounds.