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bn June 3, 2019, Alaska State Company received a $5,400, 45-day, 12 percent note from Samuel Adams, a customer whose account was past due. If

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bn June 3, 2019, Alaska State Company received a $5,400, 45-day, 12 percent note from Samuel Adams, a customer whose account was past due. If Samuel Adams dishonored the note receivable discounted by Alaska State, assuming the bank deducted the maturity value of the dishonored note plus a $40 service charge from Alaska State's bank account on the due date of the note. Record entry for dishonor of Samuel Adams discounted note. Note: Enter debits before credits. Date General Journal Debit Credit July 18, 2019 Record entry Clarent View general journal

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