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Entries for Receipt and Dishonor of Notes Receivable Journalize the following transactions in the accounts of Safari Games Co., which operates a riverboat casino. Assume

Entries for Receipt and Dishonor of Notes Receivable

Journalize the following transactions in the accounts of Safari Games 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.

Apr. 18. Received a $57,600, 60-day, 8% note dated April 18 from Glenn Cross on account.
30. Received a $17,700, 60-day, 6% note dated April 30 from Rhoni Melville on account.
May 18. The note dated April 18 from Glenn Cross is dishonored, and the customers account is charged for the note, including interest.
June 29. The note dated April 30 from Rhoni Melville is dishonored, and the customers account is charged for the note, including interest.
Aug. 16. Cash is received for the amount due on the dishonored note dated April 18 plus interest for 90 days at 12% on the total amount debited to Glenn Cross on May 18.
Oct. 22. Wrote off against the allowance account the amount charged to Rhoni Melville on June 29 for the dishonored note dated April 30.

Apr. 18

Accounts Receivable-Glenn CrossAllowance for Doubtful AccountsBad Debt ExpenseNotes PayableNotes ReceivableNotes Receivable

Notes Receivable Notes Receivable

Accounts Receivable-Glenn CrossAllowance for Doubtful AccountsBad Debt ExpenseNotes PayableNotes ReceivableAccounts Receivable-Glenn Cross

Accounts Receivable-Glenn Cross Accounts Receivable-Glenn Cross
Apr. 30

Accounts Receivable-Rhoni MelvilleAllowance for Doubtful AccountsInterest ReceivableNotes PayableNotes ReceivableNotes Receivable

Notes Receivable Notes Receivable

Accounts Receivable-Rhoni MelvilleAllowance for Doubtful AccountsInterest ReceivableNotes PayableNotes ReceivableAccounts Receivable-Rhoni Melville

Accounts Receivable-Rhoni Melville Accounts Receivable-Rhoni Melville
May 18

Accounts Payable-Glenn CrossAccounts Receivable-Glenn CrossInterest PayableInterest ReceivableNotes ReceivableAccounts Receivable-Glenn Cross

Accounts Receivable-Glenn Cross Accounts Receivable-Glenn Cross

Accounts Payable-Glenn CrossAccounts Receivable-Glenn CrossInterest PayableInterest ReceivableNotes ReceivableNotes Receivable

Notes Receivable Notes Receivable

Accounts Payable-Glenn CrossAccounts Receivable-Glenn CrossInterest PayableInterest ReceivableInterest RevenueInterest Revenue

Interest Revenue Interest Revenue
June 29

Accounts Receivable-Rhoni MelvilleAllowance for Doubtful AccountsInterest ReceivableInterest RevenueNotes ReceivableAccounts Receivable-Rhoni Melville

Accounts Receivable-Rhoni Melville Accounts Receivable-Rhoni Melville

Accounts Receivable-Rhoni MelvilleBad Debt ExpenseCashInterest ReceivableNotes ReceivableNotes Receivable

Notes Receivable Notes Receivable

Accounts Receivable-Rhoni MelvilleAllowance for Doubtful AccountsBad Debt ExpenseInterest ExpenseInterest RevenueInterest Revenue

Interest Revenue Interest Revenue
Aug. 16

Accounts Receivable-Glenn CrossCashInterest ReceivableInterest RevenueNotes ReceivableCash

Cash Cash

Accounts Payable-Glenn CrossAccounts Receivable-Glenn CrossAllowance for Doubtful AccountsCashInterest ReceivableAccounts Receivable-Glenn Cross

Accounts Receivable-Glenn Cross Accounts Receivable-Glenn Cross

Allowance for Doubtful AccountsBad Debt ExpenseCashInterest PayableInterest RevenueInterest Revenue

Interest Revenue Interest Revenue
Oct. 22

Accounts Payable-Rhoni MelvilleAccounts Receivable-Rhoni MelvilleAllowance for Doubtful AccountsBad Debt ExpenseInterest ReceivableAllowance for Doubtful Accounts

Allowance for Doubtful Accounts Allowance for Doubtful Accounts

Accounts Payable-Rhoni MelvilleAccounts Receivable-Rhoni MelvilleAllowance for Doubtful AccountsBad Debt ExpenseInterest ReceivableAccounts Receivable-Rhoni Melville

Accounts Receivable-Rhoni Melville Accounts Receivable-Rhoni Melville

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