P96A Record the following selected transactions in the general journal of WM Gaming Supplies and show all your answers to two decimal places. Explanations are not required.

2019
Nov.	21	Received an $18,000, 60-day, 4 percent note from Barb Nuefield on account.
	30	Recorded VISA credit card sales of $26,000. VISA charges 3 percent of sales.
Dec.	31	Made an adjusting entry to accrue interest on the Nuefield note.
	31	Made an adjusting entry to record bad debt expense based on 3 percent of credit sales of $1,950,000.
	31	Made a compound closing entry for Interest Revenue and Bad Debt Expense (ignore credit card sales and charges).
2020
Jan.	20	Collected the maturity value of the Nuefield note.
Mar.	14	Lent $20,000 cash to Morgan Supplies, receiving a six-month, 5 percent note.
	30	Received a $5,600, 30-day, 10 percent note from Quin Carson on his past-due account receivable.
May	29	Carson dishonoured (failed to pay) his note at maturity; after attempting to collect his note for one month, wrote off the account as uncollectible.
Sep.	14	Collected the maturity value of the Morgan Supplies note.
	30	Wrote off as uncollectible the accounts receivable of Sue Parsons, $3,250, and Mac Gally, $5,200.

1. Accounting for credit card sales, notes receivable, dishonoured notes, and accrued interest revenuE

2. Jan. 20, 2020, Interest Revenue. $39.4