Prepare journal entries to record these transactions:
Mar.21Accepted a $6,950, six-month, 4% note dated today from Bradley Brooks in granting a time extension on his past-due account.Sept.21Brooks dishonoured his note when presented for payment.Dec.31After exhausting all legal means of collection, wrote off Brooks's account against the Allowance for Doubtful Accounts.
M Snooze X Meet - X G When X Econor X Econor x Mi Inbox ( X Mi Inbox ( x Ill Grades X ] Assign x f (2) Fac x Larson x E Chapo X III McGra X Questic X Homev X + C a ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmheproducts%252FImsCloseWindow.htm#/acti... Chapter 8 Graded Assignment i Saved Help Save & Exit Submit Check my work 6 Exercise 8-16 Dishonouring a note LO4 10 Prepare journal entries to record these transactions: points Mar. 21 Accepted a $6,950, six-month, 4% note dated today from Bradley Brooks in granting a time extension on his past-due account. Sept. 21 Brooks dishonoured his note when presented for payment. Dec. 31 After exhausting all legal means of collection, wrote off Brooks's account against the Allowance for Print Doubtful Accounts. View transaction list References Journal entry worksheet 2 3 Record the 6-month, 4% note to replace past-due account. Note: Enter debits before credits. Date General Journal Debit Credit Mar 21 Record entry Clear entry View general journal Mc Graw HillM Snooze X Meet - X G When X Econor X Econor x Mi Inbox ( X Mi Inbox ( x Ill Grades X ] Assign x f (2) Fac x Larson x E Chapo X III McGra X Questic X Homev X + C a ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmheproducts%252FImsCloseWindow.htm#/acti... Chapter 8 Graded Assignment i Saved Help Save & Exit Submit Check my work 6 Exercise 8-16 Dishonouring a note LO4 10 Prepare journal entries to record these transactions: points Mar. 21 Accepted a $6, 950, six-month, 4% note dated today from Bradley Brooks in granting a time extension on his past-due account. Sept. 21 Brooks dishonoured his note when presented for payment. Dec. 31 After exhausting all legal means of collection, wrote off Brooks's account against the Allowance for Print Doubtful Accounts. View transaction list References Journal entry worksheet 1 2 3 Record the dishonoured not Note: Enter debits before credits. Date General Journal Debit Credit Sep 21 Record entry Clear entry View general journal Mc Graw HillM Snooze X Meet - X G When X Econor X Econor x Mi Inbox ( X Mi Inbox ( x Ill Grades X ] Assign x f (2) Fac x Larson x E Chapo X III McGra X Questic X Homev X + C a ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmheproducts%252FImsCloseWindow.htm#/acti... Chapter 8 Graded Assignment i Saved Help Save & Exit Submit Check my work 6 Exercise 8-16 Dishonouring a note LO4 10 Prepare journal entries to record these transactions: points Mar. 21 Accepted a $6,950, six-month, 4% note dated today from Bradley Brooks in granting a time extension on his past-due account. Sept. 21 Brooks dishonoured his note when presented for payment. Dec. 31 After exhausting all legal means of collection, wrote off Brooks's account against the Allowance for Print Doubtful Accounts. View transaction list References Journal entry worksheet 1 2 3 Record the write-off of Brooks' account. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal Mc Graw Hill
