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Additional Brief Exercise 189 On March 9 Philips gave Jackson Company a 60-day, 12% promssory note for $5,200. Phips honors the note on May 8

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Additional Brief Exercise 189 On March 9 Philips gave Jackson Company a 60-day, 12% promssory note for $5,200. Phips honors the note on May 8 Record the colection of the note and mterest assuming that no interest has been accrued. (Use 360 days for calculation. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) y Jackson Date Account Titles and Explanation Debit Credit May 8

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