ntries for Receipt and Dishonor of Notes Receivable Journalize the following transactions in the accounts of Safari Games Co., which operates a riverboat casino. Assume 360 days in a year. For a compound transaction, if an amount box does not require an entry, leave it blank. Round final answers to the nearest cent when necessary.Apr. 18. Received a $14,400, 60-day, 8% note dated April 18 from Glenn Cross on account.30. Received a $30,300, 60-day, 6% note dated April 30 from Rhoni Melville on account.May 18. The note dated April 18 from Glenn Cross is dishonored, and the customer’s account is charged for the note, including interest.June 29. The note dated April 30 from Rhoni Melville is dishonored, and the customer’s account is charged for the note, including interest.Aug. 16. Cash is received for the amount due on the dishonored note dated April 18 plus interest for 90 days at 12% on the total amount debited to Glenn Cross on May 18.Oct. 22. Wrote off against the allowance account the amount charged to Rhoni Melville on June 29 for the dishonored note dated April 30. Apr. 18 Apr. 30 May 18 June 29 Aug. 16 Oct. 22 3 more Check My Work uses remaining.
ntries for Receipt and Dishonor of Notes Receivable
Journalize the following transactions in the accounts of Safari Games Co., which operates a riverboat casino. Assume 360 days in a year. For a compound transaction, if an amount box does not require an entry, leave it blank. Round final answers to the nearest cent when necessary.
Apr. 18. Received a $14,400, 60-day, 8% note dated April 18 from Glenn Cross on account.
30. Received a $30,300, 60-day, 6% note dated April 30 from Rhoni Melville on account.
May 18. The note dated April 18 from Glenn Cross is dishonored, and the customer’s account is charged for the note, including interest.
June 29. The note dated April 30 from Rhoni Melville is dishonored, and the customer’s account is charged for the note, including interest.
Aug. 16. Cash is received for the amount due on the dishonored note dated April 18 plus interest for 90 days at 12% on the total amount debited to Glenn Cross on May 18.
Oct. 22. Wrote off against the allowance account the amount charged to Rhoni Melville on June 29 for the dishonored note dated April 30.
Apr. 18
Apr. 30
May 18
June 29
Aug. 16
Oct. 22
3 more Check My Work uses remaining.
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