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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. When required, round your final answers to the two decimal places. March 29 Received a $72,000,60-day, 6% note dated March 29 from Karie Platt on account. April 30. Received a $15,000,60-day, 9% 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 Cash is recelved for the amount due on the dishonored note dated March 29 plus interest for 90 days at 6% on the 26. total amount debited to Karie Platt on May 28. October Wrote off against the allowance account the amount charged to Jon Kelly on June 29 for the dishonored note dated 22. April 30. Accounts Recelvable-Jon Kelly 15,000 May 28 Accounts Receivable-Karie Platt Notes Receivable 72,000 x Interest Revenue 72,000 1,800 x June 29 Accounts Receivable-Jon Kelly Interest Revenue 15,000 x 15,000 Aug. 26 Accounts Receivable-Karie Platt Interest Revenue Oct. 22 Allowance for Doubtful Accounts Interest Revenue Cash
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