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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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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. 00 000 000 000.000 00
Transcribed Image Text: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. 00 000 000 000.000 00
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