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part b 2 Entries for Receipt and Dishonor of Notes Receivable Journalize the following transactions in the accounts of Missouri Gaming Co., which operates a
part b 2
Entries for Receipt and Dishonor of Notes Receivable
Journalize the following transactions in the accounts of Missouri Gaming Co., which operates a riverboat casino. Assume 360 days in a year. If an amount box does not require an entry, leave it blank. Round final answers to the nearest cent when necessary.
Mar. 29. | Received a $21,600, 60-day, 9% note dated March 29 from Karie Platt on account. |
Apr. 30. | Received a $30,000, 60-day, 6% note dated April 30 from Jon Kelly on account. |
May 28. | The note dated March 29 from Karie Platt is dishonored, and the customer's account is charged for the note, including interest. |
June 29. | The note dated April 30 from Jon Kelly is dishonored, and the customer's account is charged for the note, including interest. |
Aug. 26. | Cash is received for the amount due on the dishonored note dated March 29 plus interest for 90 days at 6% on the total amount debited to Karie Platt on May 28. |
Oct. 22. | Wrote off against the allowance account the amount charged to Jon Kelly on June 29 for the dishonored note dated April 30. |
Mar. 29 | Notes Receivable | fill in the blank 2 | fill in the blank 3 |
Accounts Receivable-Karie Platt | fill in the blank 5 | fill in the blank 6 | |
Apr. 30 | Notes Receivable | fill in the blank 8 | fill in the blank 9 |
Accounts Receivable-Jon Kelly | fill in the blank 11 | fill in the blank 12 | |
May 28 | Accounts Receivable-Karie Platt | fill in the blank 14 | fill in the blank 15 |
Notes Receivable | fill in the blank 17 | fill in the blank 18 | |
Interest Revenue | fill in the blank 20 | fill in the blank 21 | |
June 29 | Accounts Receivable-Jon Kelly | fill in the blank 23 | fill in the blank 24 |
Notes Receivable | fill in the blank 26 | fill in the blank 27 | |
Interest Revenue | fill in the blank 29 | fill in the blank 30 | |
Aug. 26 | Cash | fill in the blank 32 | fill in the blank 33 |
Accounts Receivable-Karie Platt | fill in the blank 35 | fill in the blank 36 | |
Interest Revenue | fill in the blank 38 | fill in the blank 39 | |
Oct. 22 | Allowance for Doubtful Accounts | fill in the blank 41 | fill in the blank 42 |
Accounts Receivable-Jon Kelly | fill in the blank 44 | fill in the blank 45 |
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