Entries for receipt and dishonor of note receivable Journalize the following transactions of Trapper Jon's Productions. Assume 360 days in a year. If an amount box does not require an entry, leave it blank June 23. September 21. October 21. June 23 Sept. 21 Oct. 21 Received a $48,000, 90-day, 8% note dated June 23 from Radon Express Co. on account. The note is dishonored by Radon Express Co. Received the amount due on the dishonored note plus interest for 30 days at 10% on the total amount charged to Radon Express. Co. on September 21. 00 000 000

Entries for receipt and dishonor of note receivable Journalize the following transactions of Trapper Jon's Productions. Assume 360 days in a year. If an amount box does not require an entry, leave it blank June 23. September 21. October 21. June 23 Sept. 21 Oct. 21 Received a $48,000, 90-day, 8% note dated June 23 from Radon Express Co. on account. The note is dishonored by Radon Express Co. Received the amount due on the dishonored note plus interest for 30 days at 10% on the total amount charged to Radon Express. Co. on September 21. 00 000 000

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter17: Accounting For Notes And Interest

Section: Chapter Questions

Problem 2CE

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