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Entries for Receipt and Dishonor of Notes Receivable Journalise the following transactions in the accounts of Missouri Gaming Co., which operates a riverboat casino. Assume
Entries for Receipt and Dishonor of Notes Receivable Journalise the following transactions in the accounts of Missouri Gaming Co., which operates a riverboat casino. Assume 360 days in a year. If an amount box does not require an entry leave it blank Mur 70 Received a $30,000, 60-day, 5% note dated March 29 from Krie Platt on account Apr 30. Reolved $24.000, 60-day, 8% note dated April 10 from Jon Kelly or account. May 20. The note dated March 29 from Katie Platt is dishonored, and the customer's account is charged for the note, induding interest June 20. The note dated April 30 from Jon Kelly is dishonored, and the customer's account is charged for the inducting interest Aug 26, Cash is received for the amount dus on the dishonored note dated March 29 plus interest for wo days on the total amount debited to Karle Part on May 28 od 22: Wrote off against the allowance account the amount charged to Jon Kelly on June 20 for the dishonored note dated A 30 Har 29 Notes Receivable 30.000 Accounts Receivable Karier Platt 30.000 71.000 ADE 30 Notes Receivable Accounts Receivable Jon Kelly 20.000 May 25 Accounts Receivable Karle platt Notes Receivable Interest Reviete June 20 Acts Receivable Jo Kelly Notes Receivable Oct. 22. Wrote off against the allowance account the amount charged to Jon Kelly on June 29 for Mar. 29 Notes Receivable 30,000 Accounts Receivable-Karie Platt 30,000 Apr. 30 Notes Receivable 24.000 Accounts Receivable-Jon Kelly 24.000 May 28 Accounts Receivable-Karie Platt Notes Receivable Interest Revenue June 29 Accounts Receivable-Jon Kelly Notes Receivable HII III III UID Interest Revenue Aug. 26 Cash Accounts Receivable-Karie Platt Interest Revenue Oct. 22 Allowance for Doubtful Accounts Accounts Receivable-Jon Kelly Check My Work All work saved
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