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PROBLEM EIGHT - DISHONOR OF NOTES REC 10 points 3 journal entries PROBLEM EIGHT - DISHONOR OF NOTES RECEIVABLE GENERAL JOURNAL ACCOUNT TITLE DATE RECORD

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PROBLEM EIGHT - DISHONOR OF NOTES REC 10 points 3 journal entries PROBLEM EIGHT - DISHONOR OF NOTES RECEIVABLE GENERAL JOURNAL ACCOUNT TITLE DATE RECORD THE FOLLOWING JOURNAL ENTRIES 5,000 2021 1-Jul Received a 6 month 8% note from a customer in settlement of an accounts receivable 1-Aug Received notification from this customer that he was unable to honor the note at this time. It is expected that the customer will pay at a later date. 26 7 1-Oct Received full payment from the customer. 08 09 10 211 212 213 214 215 Sheet1 Sheet2 Sheet3 a

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