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Entries for Receipt and Dishonor of Note Receivable Journalize the following transactions of Trapper Jons Productions. Assume 360 days in a year. If an amount

Entries for Receipt and Dishonor of Note Receivable

Journalize the following transactions of Trapper Jons Productions. Assume 360 days in a year. If an amount box does not require an entry, leave it blank.

June 23 Received a $48,000, 90-day, 8% note dated June 23 from Radon Express Co. on account.
Sept. 21 The note is dishonored by Radon Express Co.
Oct. 21 Received the amount due on the dishonored note plus interest for 30 days at 10% on the total amount charged to Radon Express Co. on September 21.

June 23

Accounts Receivable-Radon Express Co.Allowance for Doubtful AccountsBad Debt ExpenseInterest ReceivableNotes ReceivableNotes Receivable

Notes Receivable Notes Receivable

Accounts Receivable-Radon Express Co.Allowance for Doubtful AccountsBad Debt ExpenseInterest RevenueNotes ReceivableAccounts Receivable-Radon Express Co.

Accounts Receivable-Radon Express Co. Accounts Receivable-Radon Express Co.
Sept. 21

Accounts Receivable-Radon Express Co.Allowance for Doubtful AccountsInterest ReceivableInterest RevenueNotes ReceivableAccounts Receivable-Radon Express Co.

Accounts Receivable-Radon Express Co. Accounts Receivable-Radon Express Co.

Accounts Receivable-Radon Express Co.Allowance for Doubtful AccountsInterest PayableInterest ReceivableNotes ReceivableInterest Receivable

Interest Receivable Interest Receivable

Accounts Receivable-Radon Express Co.Allowance for Doubtful AccountsInterest PayableInterest ReceivableInterest RevenueInterest Receivable

Interest Receivable Interest Receivable
Oct. 21

Accounts Receivable-Radon Express Co.Bad Debt ExpenseCashInterest RevenueNotes ReceivableCash

Cash Cash

Accounts Receivable-Radon Express Co.Allowance for Doubtful AccountsCashInterest PayableNotes ReceivableInterest Payable

Interest Payable Interest Payable

Allowance for Doubtful AccountsBad Debt ExpenseCashInterest RevenueNotes ReceivableAllowance for Doubtful Accounts

Allowance for Doubtful Accounts Allowance for Doubtful Accounts

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