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Journalize the following transactions for Falcon Company: View the transactions (Record debits first, then credits. Exclude explanations from journal all final answers that you
Journalize the following transactions for Falcon Company: View the transactions (Record debits first, then credits. Exclude explanations from journal all final answers that you enter into the journal entry tables to the ne Apr. 18. Received a $12,000, 90-day, 7% note from Gary Biano in Date Apr 18 Account Titles Apr. 18, 202X May 9, 202X July 17, 202X Nov. 11, 202X Nov. 15, 202X Dec. 3, 202X Dec. 5, 202X Received a $12,000, 90-day, 7% note from Gary Biano in payment of account past due Wrote off the Ellen Bacon account as uncollectible for $630. (Falcon uses the Allowance method to record Bad Debts.) Gary Biano paid Falcon the note in full Gave Caryn Company a $24,000, 30-day, 5% note as a time extension of account now past due Elen Bacon paid Falcon the amount previously written off on May 9. Discounted its own $3,000, 30-day note at Jacksonville Bank at 4% Received a $7.000, 90-day. 10% note dated December 5 from Peter Gabel in payment of account past due Dec. 11, 202X Paid principal and interest due on note issued to Caryn Company from November 11 note. Dec. 16, 202X Received a $19,000, 90-day, 9% note from Wilson Company in payment of account past due Dec. 23, 202X May 9 Wrote off the Elon Bacon account as uncollectible for $630 Dec. 31, 202X Date Account Titles Discounted the Peter Gabel note to Turner Bank at 7% Recorded adjusting entries as appropriate
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