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On June 3, 2019, Alaska State Company received a $5,200, 45-day, 10 percent note from Samuel Adams, a customer whose account was past due. If
On June 3, 2019, Alaska State Company received a $5,200, 45-day, 10 percent note from Samuel Adams, a customer whose account was past due. If Samuel Adams dishonored the note receivable discounted by Alaska State, assuming the bank deducted the maturity value of the dishonored note plus a $45 service charge from Alaska State's bank account on the due date of the note. Prepare the entries in general journal form that Alaska State Company would make. View transaction list Journal entry worksheet Record entry for dishonor of Samuel Adams discounted note. Note: Enter debits before credits. Date General Journal Debit Credit July 18, 2019
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