On June 3, 2019, Alaska State Company received a $6,000, 45-day, 10 percent note from Samuel Adams, a customer whose account was past due. The Note was discounted by Alaska State on June 18 at the Second State Bank and Trust. The bank charged a discount rate of 12 percent. In general journal form, prepare the entry required by Alaska State when Samuel Adams paid the discounted note on the maturity date.

Check my work On June 3, 2019. Alaska State Company received a $6,000, 45-day, 10 percent note from Samuel Adams, a customer whose account was past due. The Note was discounted by Alaska State on June 18 at the Second State Bank and Trust. The bank charged a discount rate of 12 percent. 10 points In general journal form, prepare the entry required by Alaska State when Samuel Adams paid the discounted note on the maturity date. View transaction list eBook Journal entry worksheet Hint Print Record entry for Samuel Adams note discounted. References Note: Enter debits before credits. General Journal Debit Credit Date July 18, 2019 Record entry Clear entry View general journal