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Following are the notes payable transactions of Village Dock Caf. Mar. 3 Village Dock Caf purchased merchandise on account, $6,000. Apr. 2 Village Dock Caf

Following are the notes payable transactions of Village Dock Caf.

Mar. 3 Village Dock Caf purchased merchandise on account, $6,000.
Apr. 2 Village Dock Caf issued a 60day, 10% note to pay off the account.
??? Village Dock Caf paid $3,200 plus interest on the note issued on April 2, and issued a new 90-day, 14% note for the unpaid balance.
??? Village Dock Caf paid off the preceding note on the maturity date.

Required:

Prepare the general journal entries for the above transactions. If an amount box does not require an entry, leave it blank. Assume 360 days in a year.

Page: 1
DATE DESCRIPTION POST. REF. DEBIT CREDIT
1 Mar. 3 1
2 2
3 Apr. 2 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11

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