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Prepare journal entries to record the following selected transactions of Ridge Company. Mar. 21 Accepted a $9,500, 180-day. 8% note dated March 21 from Tamara

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Prepare journal entries to record the following selected transactions of Ridge Company. Mar. 21 Accepted a $9,500, 180-day. 8% note dated March 21 from Tamara Jackson in granting a time extension on her past-due account receivable. Sept. 17 Jackson dishonors her note when it is presented for payment. Dec. 31 After exhausting all legal means of collection. Ridge Company writes off Jackson s account against the Allowance for Doubtful Accounts. Prepare journal entries to record the following selected transactions of Ridge Company. Mar. 21 Accepted a $9,500, 180-day. 8% note dated March 21 from Tamara Jackson in granting a time extension on her past-due account receivable. Sept. 17 Jackson dishonors her note when it is presented for payment. Dec. 31 After exhausting all legal means of collection. Ridge Company writes off Jackson s account against the Allowance for Doubtful Accounts

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