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Prepare journal entries to record Dylex Corporation's transactions. Round all values to the nearest cent. a. June 1, 2014: Accepted a $8,000, 60-day, 9% note

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Prepare journal entries to record Dylex Corporation's transactions. Round all values to the nearest cent. a. June 1, 2014: Accepted a $8,000, 60-day, 9% note dated this day in granting Susan West 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 AccountExplanation Page Gj1 F Debit Credit Date 7

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