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Journalize the following transactions of Theres Productions: May 3. Received a $150,000, 90-day, 8% note dated May

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Journalize the following transactions of Theres Productions:image text in transcribed

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May 3. Received a $150,000, 90-day, 8% note dated May 3 from Xpedx Company on ac- count. Aug. 1. The note is dishonored by Xpedx Company. 31. Received the amount due on the dishonored note plus interest for 30 days at 10% on the total amount charged to Xpedx Company on August 1.

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