The following selected transactions were completed by Cactus Co., a supplier of velcro for clothing: 2007 Dec. 13 Recieved from Lady’s Ann’s Co., on account, a $60,000, 90-day, 9% note dated Dece

The following selected transactions were completed by Cactus Co., a supplier of velcro for clothing:

2007

Dec. 13 Recieved from Lady’s Ann’s Co., on account, a $60,000, 90-day, 9% note dated December 13.

31 Recorded an adjusting for accrued interest on the note of December 13, 2008

March 12 Recieved payment of note and interest from Lady Ann’s Co.

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