Notes Receivable Entries

J. K. Pratt Co. had the following transactions:

20-1
July 20	Received a $800, 30-day, 5% note from J. Akita in payment for sale of merchandise.
Aug. 19	J. Akita paid note issued July 20 plus interest.
25	Sold merchandise on account to L. Beene, $1,000.
Sept. 5	L. Beene paid $100 and gave a $900, 30-day, 6% note to extend time for payment.
Oct. 5	L. Beene paid note issued September 5, plus interest.
10	Sold merchandise to R. Harris for $640: $40 plus a $600, 30-day, 6% note.
Nov. 9	R. Harris paid $120 plus interest on note issued October 10 and extended the note ($480) for 30 days.
Dec. 9	R. Harris paid note extended on November 9, plus interest.
10	Sold merchandise on account to B. Kraus, $1,400.
15	B. Kraus paid $140 on merchandise purchased on account, and gave a $1,260, 30-day, 7% note to extend time for payment.
20-2
Jan. 14	B. Kraus's note of December 15 is dishonored.
Feb. 13	Collected B. Kraus's dishonored note, plus interest at 7% on the maturity value.

Required:

Record the transactions in a general journal. Assume 360 days in a year.

Page:

	DATE	ACCOUNT TITLE	DOC. NO.	POST. REF.	DEBIT	CREDIT
1	20-1 July 20				fill in the blank 2	fill in the blank 3	1
2					fill in the blank 5	fill in the blank 6	2
3							3
4	Aug. 19				fill in the blank 8	fill in the blank 9	4
5					fill in the blank 11	fill in the blank 12	5
6					fill in the blank 14	fill in the blank 15	6
7							7
8	25				fill in the blank 17	fill in the blank 18	8
9					fill in the blank 20	fill in the blank 21	9
10							10
11	Sept. 5				fill in the blank 23	fill in the blank 24	11
12					fill in the blank 26	fill in the blank 27	12
13					fill in the blank 29	fill in the blank 30	13
14							14
15	Oct. 5				fill in the blank 32	fill in the blank 33	15
16					fill in the blank 35	fill in the blank 36	16
17					fill in the blank 38	fill in the blank 39	17
18							18
19	10				fill in the blank 41	fill in the blank 42	19
20					fill in the blank 44	fill in the blank 45	20
21					fill in the blank 47	fill in the blank 48	21
22							22
23	Nov. 9				fill in the blank 50	fill in the blank 51	23
24					fill in the blank 53	fill in the blank 54	24
25					fill in the blank 56	fill in the blank 57	25
26					fill in the blank 59	fill in the blank 60	26
27							27
28	Dec. 9				fill in the blank 62	fill in the blank 63	28
29					fill in the blank 65	fill in the blank 66	29
30					fill in the blank 68	fill in the blank 69	30
31							31
32	10				fill in the blank 71	fill in the blank 72	32
33					fill in the blank 74	fill in the blank 75	33
34							34
35	15				fill in the blank 77	fill in the blank 78	35
36					fill in the blank 80	fill in the blank 81	36
37					fill in the blank 83	fill in the blank 84	37
38							38
39	20-2 Jan. 14				fill in the blank 86	fill in the blank 87	39
40					fill in the blank 89	fill in the blank 90	40
41					fill in the blank 92	fill in the blank 93	41
42							42
43	Feb. 13				fill in the blank 95	fill in the blank 96	43
44					fill in the blank 98	fill in the blank 99	44
45					fill in the blank 101	fill in the blank 102	45