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. When required, round your final answers to the two decimal places.

DateTransactionMarch 29Received a $64,800, 60-day, 10% note dated March 29 from Karie Platt on account.April 30.Received a $32,700, 60-day, 8% 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.August 26.Cash is received for the amount due on the dishonored note dated March 29 plus interest for 90 days at 12% on the total amount debited to Karie Platt on May 28.October 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

Accounts Receivable-Karie PlattAllowance for Doubtful AccountsBad Debt ExpenseNotes PayableNotes Receivable

- Select -- Select -

Accounts Receivable-Karie PlattAllowance for Doubtful AccountsBad Debt ExpenseNotes PayableNotes Receivable

- Select -- Select -Apr. 30

Accounts Receivable-Jon KellyAllowance for Doubtful AccountsInterest ReceivableNotes PayableNotes Receivable

- Select -- Select -

Accounts Receivable-Jon KellyAllowance for Doubtful AccountsInterest ReceivableNotes PayableNotes Receivable

- Select -- Select -May 28

Accounts Payable-Karie PlattAccounts Receivable-Karie PlattInterest PayableInterest ReceivableNotes Receivable

- Select -- Select -

Accounts Payable-Karie PlattAccounts Receivable-Karie PlattInterest PayableInterest ReceivableNotes Receivable

- Select -- Select -

Accounts Payable-Karie PlattAccounts Receivable-Karie PlattInterest PayableInterest ReceivableInterest Revenue

- Select -- Select -June 29

Accounts Receivable-Jon KellyAllowance for Doubtful AccountsInterest ReceivableInterest RevenueNotes Receivable

- Select -- Select -

Accounts Receivable-Jon KellyBad Debt ExpenseInterest ReceivableNotes PayableNotes Receivable

- Select -- Select -

Accounts Receivable-Jon KellyAllowance for Doubtful AccountsBad Debt ExpenseInterest ExpenseInterest Revenue

- Select -- Select -Aug. 26

Accounts Receivable-Karie PlattCashInterest ReceivableInterest RevenueNotes Receivable

- Select -- Select -

Accounts Payable-Karie PlattAccounts Receivable-Karie PlattAllowance for Doubtful AccountsCashInterest Receivable

- Select -- Select -

Allowance for Doubtful AccountsBad Debt ExpenseCashInterest PayableInterest Revenue

- Select -- Select -Oct. 22

Accounts Payable-Jon KellyAccounts Receivable-Jon KellyAllowance for Doubtful AccountsCashInterest Receivable

- Select -- Select -

Accounts Payable-Jon KellyAccounts Receivable-Jon KellyAllowance for Doubtful AccountsCashInterest Receivable

- Select -- Select -