Prepare journal entries to record the following transactions of Namco. April 1 Accepted a $5,000, 90-day, 4%
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Prepare journal entries to record the following transactions of Namco.
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April 1 Accepted a $5,000, 90-day, 4% note from Travis in granting a time extension on his past-due account receivable. June 30 Travis dishonored his note.
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