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On March 9, Hill gave Wildhorse Company a 60-day, 10 % promissory note for $7.500. Hill dishonors the note on May 9. Record the
On March 9, Hill gave Wildhorse Company a 60-day, 10 % promissory note for $7.500. Hill dishonors the note on May 9. Record the entry that Wildhorse would make when the note is dishonored, assuming (1) that no interest has been accrued, and (2) that eventual collection is expected. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Use 360 days f calculation. List all debit entries before credit entries. Round answers to O decimal places, e.g. 1,252)
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