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Entries for Receipt and Dishonor of Notes Receivable Journalize the following transactions in the accounts of Missouri Gaming Co., which operates a riverboat casino. Assume
Entries for Receipt and Dishonor of Notes Receivable
Journalize 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. Round final answers to the nearest cent when necessary.
Mar. 29. | Received a $64,800, 60-day, 8% note dated March 29 from Karie Platt on account. |
Apr. 30. | Received a $42,900, 60-day, 10% note dated April 30 from Jon Kelly on account. |
May 28. | The note dated March 29 from Karie Platt is dishonored, and the customer's account is charged for the note, including interest. |
June 29. | The note dated April 30 from Jon Kelly is dishonored, and the customer's account is charged for the note, including interest. |
Aug. 26. | Cash is received for the amount due on the dishonored note dated March 29 plus interest for 90 days at 6% on the total amount debited to Karie Platt on May 28. |
Oct. 22. | Wrote off against the allowance account the amount charged to Jon Kelly on June 29 for the dishonored note dated April 30. |
Mar. 29 | fill in the blank 2 | ||
fill in the blank 4 | |||
Apr. 30 | fill in the blank 6 | ||
fill in the blank 8 | |||
May 28 | fill in the blank 10 | fill in the blank 11 | |
fill in the blank 13 | fill in the blank 14 | ||
fill in the blank 16 | fill in the blank 17 | ||
June 29 | fill in the blank 19 | fill in the blank 20 | |
fill in the blank 22 | fill in the blank 23 | ||
fill in the blank 25 | fill in the blank 26 | ||
Aug. 26 | fill in the blank 28 | fill in the blank 29 | |
fill in the blank 31 | fill in the blank 32 | ||
fill in the blank 34 | fill in the blank 35 | ||
Oct. 22 | fill in the blank 37 | ||
fill in the blank 39 |
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