Journalize the following transactions in the accounts of Dimitrious Co., which operates a riverboat casino: Apr. 1
Question:
Apr. 1 Received a $10,000, 30-day, 6% note dated April 1 from Wilcox Co. on account.
18 Received a $12,000, 30-day, 9% note dated April 18 from Aaron Co. on account.
May 1 The note dated April 1 from Wilcox Co. is dishonored, and the customer’s account is charged for the note, including interest.
June 17 The note dated April 18 from Aaron Co. is dishonored, and the customer’s account is charged for the note, including interest.
July 30 Cash is received for the amount due on the dishonored note dated April 1 plus interest for 90 days at 8% on the total amount debited to Wilcox Co. on May 1.
Sept. 3 Wrote off against the allowance account the amount charged to Aaron Co. on June 17 for the dishonored note dated April 18.
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Related Book For 
Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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