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Instructions Chart of Accounts Journal Instructions Mar. 29 Received a $51,600, 60-day, 6% note dated March 29 from Karie Plati on account. Received a $36,000,
Instructions Chart of Accounts Journal Instructions Mar. 29 Received a $51,600, 60-day, 6% note dated March 29 from Karie Plati on account. Received a $36,000, 60-day, 8% note dated April 30 from Jon Kelly on account. Apr. 30 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 8% on the total amount debited to Karie Platt on May 28. Wrote off against the allowance account the amount charged to Jon Kelly on June 29 for the dishonored note dated April 30. Oct. 22 PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2 3 4 5 5 6 6 7 8 8 9 10 11 12 13 14 15
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