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On March 9, Fillmore gave Camp Company a 2 month, 9% promissory note for 4,000. Instructions a. Assume Fillmore honors the note on May 9.

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On March 9, Fillmore gave Camp Company a 2 month, 9% promissory note for 4,000. Instructions a. Assume Fillmore honors the note on May 9. Record the collection of the note and interest by Camp assuming that no interest has been accrued. b. Assume Fillmore dishonors the note on May 9. Record the entry that Camp would make when the note is dishonored, assuming that no interest has been accrued

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