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Prepare journal entries to record the following transactions of Namco (Use 360 days a year) April i accepted a $5,400, 90-day, 10% note from Travis

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Prepare journal entries to record the following transactions of Namco (Use 360 days a year) April i accepted a $5,400, 90-day, 10% note from Travis in granting a time extension on his past due account receivable. June 30 Travis dishonored his note. View transaction list View journal entry worksheet No Dates Dobit Credit 1 April 01 General Journal Notes receivable-Travis Accounts receivable - Travis 5.400 5,400 2 June 30 90 Accounts receivable-Travis Interest revenue 135 Wamer Company's year-end unadjusted trial balance shows accounts receivable of $107000, allowance for doubtful accounts of $680 (credit), and sales of $360,000 Uncollectibles are estimated to be 1% of sales Prepare the December 31 year-end adjusting entry for uncollectibles. Answer is complete but not entirely correct. General Journal No Dato Debit Credit 1 December 31 Bad debts expense 1.750 Allowance for doubtful accounts 9 1,7503

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