alpha company prepares quarterly adjusting entries & has a fiscal year end of December 31. the following

events occurred in FY 2017:

Oct.1: accepted from bravo a $27,000, four months, 8% note in lieu of an existing $27,000 account receivable.

Nov. 1: purchased from zulu company, equipment for $36,000 and signed a note payable due in nine months for $36,900.

Use this information to prepare the general journal entries (compound entries where needed and without explanation for the following:

Fiscal Year 2017:

a. October 1, transaction

b. November 1, transaction

c. December 31, end of the fiscal adjusting entries

Fiscal year 2018

d. February 1, receipt of payment on October 1 note

e. March 31, adjusting entries

f. June 30, adjusting entries

g. August 1, payment of November 1 note

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