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26, Jasper makes a $92,000, 90-day,796 cash loan to Clayton Co. Jasper's entry to record the transaction should be: 27. Valley Spa purchased $10,800 in

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26, Jasper makes a $92,000, 90-day,796 cash loan to Clayton Co. Jasper's entry to record the transaction should be: 27. Valley Spa purchased $10,800 in plumbing components from Tubman Co. Valley Spa signed a 60-day, 8% promissory note for $10,800. If the note is dishonored, but Tubman intends to continue collection efforts, what is the journal entry to record the dishonored note? 28. Gideon Company uses the allowance method if accounting for uncollectible accounts. On May 3, the Gideon company wrote off the $3,000 uncollectible account of its customer, A. Hopkins. The entry or entries Gideon makes to record the write off of the account on May 3 is: 0 2 3 4 9 G H

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