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Journalize the following transaction in the accounts of obama co., which operates a riverboat casino: mar. 21. Received a $9,000, 60-day, 9% note dated march

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Journalize the following transaction in the accounts of obama co., which operates a riverboat casino: mar. 21. Received a $9,000, 60-day, 9% note dated march 21 from murphy co. on account. may 20. The note dated march 21 from murphy co. is dishonored, and the customer's account is charged for the note, including interest. aug. 31. Wrote off against the allowance account the amount charged to murphy co. on may 20 for the dishonored note dated march 21. Icon company acquired patent rights on january 1, 2009 for $1,125,000. The patent has a useful life equal to its legal life of 15 years. on january 2, 2012, icon successfully defended the patent in a lawsuit at a cost $90,000. Required

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