Prepare journal entries to record the following transactions of Namco. (Use 360 days a year.)

1. April 1 accepted a $6800, 90-day, 5% note from Travis and granting a time extension on his past due account receivable

2. June 30 Travis dishonored his note

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Journal entry worksheet Record receipt of note on account. Note: Enter debits before credits. General Journal Date April 01 Debit Credit Record entry Clear entry View general journal Journal entry worksheet