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Journal Joumalize the above transactions in the accounts of Missouri Gaming Co., which operates a riverboat casino Refer to the Chart of Accounts for exact
Journal Joumalize the above transactions in the accounts of Missouri Gaming Co., which operates a riverboat casino Refer to the Chart of Accounts for exact wording of account titles. Round all computations to the nearest whole dollar Assume a 360-day year PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT FASSETS LIABILITIES EQUITY 1 2. 3 4 5 6 7 Entries for receipt and dishonor of notes receivable Instructions Chart of Accounts Journal Instructions Mar. 29 Received a $60,000, 60-day, 10% note dated March 29 from Karie Platt on account Apr. 30 Received a $40,800, 60-day, 5% note dated April 30 from Jon Kelly on account The note dated March 29 from Karie Platt is dishonored, and the customer's account is charged for the May 28 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 5% on the total amount debited to Karie Platt on May 28. Oct. 22 Wrote off against the allowance account the amount charged to Jon Kelly on June 29 for the dishonored note dated April 30
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