Mar 29 Received a $51,600, 60 day, 6 note dated March 29 from Karie Platt on account Apr 30 Received a $36,000, 60 day, 8 note dated April 30 from Jon Kelly on account May 28 The note dated March 29 from Karie Platt is dishonored, and the customers account is charged for the note, including interest June 29 The note dated April 30 from Jon Kelly is dishonored, and the customers 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 Oct 22 Wrote off against the allowance account the amount charged to Jon Kelly on June 29 for the dishonored note dated April 30 Journalize 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 Assume a 360 day year CHART OF ACCOUNTS Missouri Gaming Co General Ledger ASSETS 110 Cash 111 Petty Cash 121 Accounts Receivable Karie Platt 122 Accounts Receivable Jon Kelly 129 Allowance for Doubtful Accounts 131 Interest Receivable 132 Notes Receivable 141 Merchandise Inventory 145 Office Supplies 146 Store Supplies 151 Prepaid Insurance 181 Land 191 Store Equipment 192 Accumulated Depreciation Store Equipment 193 Office Equipment 194 Accumulated Depreciation Office Equipment LIABILITIES 210 Accounts Payable 211 Salaries Payable 213 Sales Tax Payable 214 Interest Payable 215 Notes Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends 313 Income Summary REVENUE 410 Sales 610 Interest Revenue EXPENSES 510 Cost of Merchandise Sold 520 Sales Salaries Expense 521 Advertising Expense 522 Depreciation Expense Store Equipment 523 Delivery Expense 524 Repairs Expense 529 Selling Expenses 530 Office Salaries Expense 531 Rent Expense 532 Depreciation Expense Office Equipment 533 Insurance Expense 534 Office Supplies Expense 535 Store Supplies Expense 536 Credit Card Expense 537 Cash Short and Over 538 Bad Debt Expense 539 Miscellaneous Expense 710 Interest Expense

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Posted on Jun 28, 2024

Mar. 29 Received a $51,600, 60-day, 6% note dated March 29 from Karie Platt on account. Apr. 30 Received a $36,000, 60-day, 8% note dated

Mar.	29	Received a $51,600, 60-day, 6% note dated March 29 from Karie Platt on account.
Apr.	30	Received a $36,000, 60-day, 8% note dated April 30 from Jon Kelly on account.
May	28	The note dated March 29 from Karie Platt is dishonored, and the customers account is charged for the note, including interest.
June	29	The note dated April 30 from Jon Kelly is dishonored, and the customers 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.
Oct.	22	Wrote off against the allowance account the amount charged to Jon Kelly on June 29 for the dishonored note dated April 30.

Journalize 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. Assume a 360-day year.

CHART OF ACCOUNTS

Missouri Gaming Co.

General Ledger

ASSETS
110	Cash
111	Petty Cash
121	Accounts Receivable-Karie Platt
122	Accounts Receivable-Jon Kelly
129	Allowance for Doubtful Accounts
131	Interest Receivable
132	Notes Receivable
141	Merchandise Inventory
145	Office Supplies
146	Store Supplies
151	Prepaid Insurance
181	Land
191	Store Equipment
192	Accumulated Depreciation-Store Equipment
193	Office Equipment
194	Accumulated Depreciation-Office Equipment

LIABILITIES
210	Accounts Payable
211	Salaries Payable
213	Sales Tax Payable
214	Interest Payable
215	Notes Payable

EQUITY
310	Common Stock
311	Retained Earnings
312	Dividends
313	Income Summary

REVENUE
410	Sales
610	Interest Revenue

EXPENSES
510	Cost of Merchandise Sold
520	Sales Salaries Expense
521	Advertising Expense
522	Depreciation Expense-Store Equipment
523	Delivery Expense
524	Repairs Expense
529	Selling Expenses
530	Office Salaries Expense
531	Rent Expense
532	Depreciation Expense-Office Equipment
533	Insurance Expense
534	Office Supplies Expense
535	Store Supplies Expense
536	Credit Card Expense
537	Cash Short and Over
538	Bad Debt Expense
539	Miscellaneous Expense
710	Interest Expense