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Interest Revenue 385.00 Aug. 26 Cash 51,030.00 Accounts Receivable-Karie Platt 50,400.00 Interest Revenue 630.00

Interest Revenue 385.00 Aug. 26 Cash 51,030.00 Accounts Receivable-Karie Platt 50,400.00 Interest Revenue 630.00

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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can you please tell me what i am doing wrong on the 2 red squares please. 

1 Mar. 29 Notes Receivable 50,400.00 2 Accounts Receivable-Karie Platt 50,400.00 Apr. 30 Notes Receivable 46,200.00 3 ↑ 4 Accounts Receivable-Jon Kelly 46,200.00 5 May 28 Accounts Receivable-Karie Platt 50,904.00 ↑ 6 Notes Receivable 50,400.00 7 Interest Revenue 504.00 8 Jun. 29 Accounts Receivable-Jon Kelly 46,585.00 9 Notes Receivable 46,200.00 10 Interest Revenue 385.00 11 Aug. 26 Cash 51,030.00 ↑ 12 Accounts Receivable-Karie Platt 50,400.00 13 Interest Revenue 630.00 14 Oct. 22 Allowance for Doubtful Accounts 46,585.00
Transcribed Image Text:1 Mar. 29 Notes Receivable 50,400.00 2 Accounts Receivable-Karie Platt 50,400.00 Apr. 30 Notes Receivable 46,200.00 3 ↑ 4 Accounts Receivable-Jon Kelly 46,200.00 5 May 28 Accounts Receivable-Karie Platt 50,904.00 ↑ 6 Notes Receivable 50,400.00 7 Interest Revenue 504.00 8 Jun. 29 Accounts Receivable-Jon Kelly 46,585.00 9 Notes Receivable 46,200.00 10 Interest Revenue 385.00 11 Aug. 26 Cash 51,030.00 ↑ 12 Accounts Receivable-Karie Platt 50,400.00 13 Interest Revenue 630.00 14 Oct. 22 Allowance for Doubtful Accounts 46,585.00
Mar. 29 Received a $50,400, 60-day, 6% note dated March 29 from Karie Platt on account. Aprг. 30 Received a $46,200, 60-day, 5% note dated April 30 from Jon Kelly on account. May 28 The note dated March 29 from Karie Platt is dishonored, and the customer's account is charged for the note, including interest. June 29 The note dated April 30 from Jon Kelly is dishonored, and the customer's account is charged for the note, including interest. Aug. 26 Cash is received for the amount due on the dishonored note dated March 29 plus interest for 90 days at 5% on the total amount debited to Karie Platt on May 28. Oct. 22 Wrote off against the allowance account the amount charged to Jon Kelly on June 29 for the dishonored note dated April 30. urnalize the above transactions in the accounts of Missouri Gaming Co., which operates a riverboat casino. Refer to the Chart of Accounts for exact wording of count titles. Assume a 360-day year.
Transcribed Image Text:Mar. 29 Received a $50,400, 60-day, 6% note dated March 29 from Karie Platt on account. Aprг. 30 Received a $46,200, 60-day, 5% note dated April 30 from Jon Kelly on account. May 28 The note dated March 29 from Karie Platt is dishonored, and the customer's account is charged for the note, including interest. June 29 The note dated April 30 from Jon Kelly is dishonored, and the customer's account is charged for the note, including interest. Aug. 26 Cash is received for the amount due on the dishonored note dated March 29 plus interest for 90 days at 5% on the total amount debited to Karie Platt on May 28. Oct. 22 Wrote off against the allowance account the amount charged to Jon Kelly on June 29 for the dishonored note dated April 30. urnalize the above transactions in the accounts of Missouri Gaming Co., which operates a riverboat casino. Refer to the Chart of Accounts for exact wording of count titles. Assume a 360-day year.
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