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ustructions Chart of Accounts Journal ructions nal JOURNAL ACCO DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS Jun. 23 Notes Receivable 48,000.00 Accounts Receivable 48,000.00 Sept 21 Accounts Receivable 48,960.00 Notes Receivable 48,000.00 Interest Revenue 960.00 Oct. 21 Cash 49,368.00 Accounts Receivable 48,960.00 Interest Revenue 408.00 31% -4°F 后 (8)

ustructions Chart of Accounts Journal ructions nal JOURNAL ACCO DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS Jun. 23 Notes Receivable 48,000.00 Accounts Receivable 48,000.00 Sept 21 Accounts Receivable 48,960.00 Notes Receivable 48,000.00 Interest Revenue 960.00 Oct. 21 Cash 49,368.00 Accounts Receivable 48,960.00 Interest Revenue 408.00 31% -4°F 后 (8)

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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Entries for receipt and dishonor or note receivable
ntries for receipt and dishonor of note receivable Instructions Chart of Accounts Journal Instructions Journal JOURNAL ACCO A DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS 1. Jun. 23 Notes Receivable 48,000.00 Accounts Receivable 48,000.00 Sept 21 Accounts Receivable 48,960.00 3 Notes Receivable 48,000.00 5 Interest Revenue 960.00 Oct. 21 Cash 49,368.00 Accounts Receivable 48,960.00 Interest Revenue 408.00 31% -4°F F5 F7 F8 F9 F10 E11 & 17 * 00
Transcribed Image Text:ntries for receipt and dishonor of note receivable Instructions Chart of Accounts Journal Instructions Journal JOURNAL ACCO A DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS 1. Jun. 23 Notes Receivable 48,000.00 Accounts Receivable 48,000.00 Sept 21 Accounts Receivable 48,960.00 3 Notes Receivable 48,000.00 5 Interest Revenue 960.00 Oct. 21 Cash 49,368.00 Accounts Receivable 48,960.00 Interest Revenue 408.00 31% -4°F F5 F7 F8 F9 F10 E11 & 17 * 00
nstructions June 23 Received a $48,000, 90-day, 8% note dated June 23 from Radon Express Co. on account. Sept. 21 The note is dishonored by Radon Express Co. Oct. 21 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. Required: Journalize the above transactions of Trapper Jon's Productions. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered, Assume 360 days in a year. 32% -4°F ツ Cc F5 F4 EZ F9 F10 F11 & 6. 8. T. Y 近
Transcribed Image Text:nstructions June 23 Received a $48,000, 90-day, 8% note dated June 23 from Radon Express Co. on account. Sept. 21 The note is dishonored by Radon Express Co. Oct. 21 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. Required: Journalize the above transactions of Trapper Jon's Productions. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered, Assume 360 days in a year. 32% -4°F ツ Cc F5 F4 EZ F9 F10 F11 & 6. 8. T. Y 近
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