8. Journalize the following transactions in the accounts of Simmons Company: Mar 1 Received a $60,000, 60-day, 6% note dated March 1 from Bynum Company on account. Mar 18 Received a $25,000, 60-day, 9% note dated March 18 from Solo Company on account. Apr. 30 The note dated March 1 from Bynum Company is dishonored, and the customer%u2019s account is charged for the note, including interest. May 17 The note dated March 18 from Solo Company is dishonored, and the customer%u2019s account is charged for the note, including interest. July 29 Cash is received for the amount due on the dishonored note dated March 1 plus interest for 90 days at 8% on the total amount debited to Bynum Company on April 30. Aug. 23 Wrote off against the allowance account the amount charged to Sol Company on May 17 for the dishonored note dated March 18.

9. Journalize the following transactions of Upton Drugs:

July 8	Received a $180,000, 90-day 8% note dated July 8 from Miracle Chemical on account.
Oct. 6	The note is dishonored by Miracle Chemical.
Nov. 5	Received the amount due on the dishonored note plus interest for 30 days at 10% on the total amount charged to Miracle Chemical on Oct. 6.