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1983 AJE 9 - To adj. for loans made to Basking Ridge & Summit via
HELO (remove HELO from middle)
Debit Credit
1191-0256 Due from Basking Ridge 95,000
1191-0255 Due from Summit 106,200
1191-032 Due to HELO (201,200)
1983 AJE 26 To record transfer of receivables from Basking Ridge
& Summit to IFI on 10/31/83)
Debit Credit
1191-0121 Due from IFI 180,800
1191-0255 Due from Summit (96,100)
1191-0256 Due from Basking Ridge (84,700)
Int'l Films Receivables Owed to IRA
1983 Beg. balance 261,445
Loan to Int'l Films 1,400
Loan to Int'l Films 1,000
IF- loan on behalf of R Lisle 3,000
Loan to Int'l Films 100
Loan to Int'l Film 200
Loan to Int'l Film 100
Loan repymt from Int'l Films (1,000)
Loan repymt from Int'l Films (500)
Loan repymt from Int'l Films (325)
Loan repymt from Int'l Films (700)
Asgn. to Int'l Films1 500
Asgn Summit and Basking Ridge Int'l Films2 180,800
Asgn 1984 Devlp to Int'l Films3 86,400
Acct. Total 532,420
1Check #1120 - Administration Co. loan for C. Ballard $500.
21983 AJE 26 - to record transfer of receivables from
Basking Ridge & Summit to Int'l Films on 10/31/83.
31983 AJE 28 - to record assignment of interest in 1984
Development to Int'l Films on 10/31/83.
In essence, IRA obtained HELO's receivable due from Basking
Ridge and Summit. Simultaneously with this book entry
transaction, IRA transferred to Int'l Films the $180,800 balance
of the receivables due from Basking Ridge and Summit that it had
just obtained from HELO and in exchange, IRA entered on its books
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