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Prepare journal entries to record Dylex Corporation's transactions. Round all values to the nearest cent. a. June 1, 2014: Dylex Corporation accepted a note from
Prepare journal entries to record Dylex Corporation's transactions. Round all values to the nearest cent. a. June 1, 2014: Dylex Corporation accepted a note from Bert Zimm for $8,300, 90-day, 10% dated this day granting a time extension on the past-due account. b. Determine the date that transaction (a) matures and record the entry to show the collection. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (i.e., January 15 would be 15/Jan General Journal Account/Explanation Page Gj1 F Debit Credit Date +1
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