Answered step by step
Verified Expert Solution
Question
1 Approved Answer
R o meritsevakeAssignmentSessionLocator-assignment -take&inprogress take eBook Show Me How Calculator Entries for Receipt and Dishonor of Notes Receivable Journalize the following transactions in the accounts
R o meritsevakeAssignmentSessionLocator-assignment -take&inprogress take eBook Show Me How Calculator Entries for Receipt and Dishonor of Notes Receivable Journalize the following transactions in the accounts of Missouri Gaming Co., which operates a riverboat casino. Assume 360 days in a year. If an amount box does not require an entry, leave it blank. Round final answers to the nearest cent when necessary Mar. 29. Received a $21,600, 60-day, 8% note dated March 29 from Karie Platt on account Apr 30. Received a $20,100, 60-day, 10% note dated April 30 from Jon Kelly on account. May 28. The note dated March 29 from Karte Platt is dishonored, and the customer's account is charged for the note, including interest June 29. The note dated April 30 from Jon Kelly is dishonored, and the customer's account is charged for the note, including interest. Aug. 26. Cash is received for the amount due on the dishonored note dated March 29 plus interest for 90 days at 6% on the total amount debited Oct. 22. Wrote off against the allowance account the amount charged to Jon Kelly on June 29 for the dishonored note dated April 30. M. 29 Notes Receivable 21.600 Accounts Receivable-Kare Platt 21,600 Apr 30 Notes Receivable 20.1007 Accounts Receivable Jon Kelly 20.100 May 20 Accounts Receivable-Karie Platt Notes Receivable Interest Revenue Activate Windows . June 29 III III Aug. 26 Oct. 22 R o meritsevakeAssignmentSessionLocator-assignment -take&inprogress take eBook Show Me How Calculator Entries for Receipt and Dishonor of Notes Receivable Journalize the following transactions in the accounts of Missouri Gaming Co., which operates a riverboat casino. Assume 360 days in a year. If an amount box does not require an entry, leave it blank. Round final answers to the nearest cent when necessary Mar. 29. Received a $21,600, 60-day, 8% note dated March 29 from Karie Platt on account Apr 30. Received a $20,100, 60-day, 10% note dated April 30 from Jon Kelly on account. May 28. The note dated March 29 from Karte Platt is dishonored, and the customer's account is charged for the note, including interest June 29. The note dated April 30 from Jon Kelly is dishonored, and the customer's account is charged for the note, including interest. Aug. 26. Cash is received for the amount due on the dishonored note dated March 29 plus interest for 90 days at 6% on the total amount debited Oct. 22. Wrote off against the allowance account the amount charged to Jon Kelly on June 29 for the dishonored note dated April 30. M. 29 Notes Receivable 21.600 Accounts Receivable-Kare Platt 21,600 Apr 30 Notes Receivable 20.1007 Accounts Receivable Jon Kelly 20.100 May 20 Accounts Receivable-Karie Platt Notes Receivable Interest Revenue Activate Windows . June 29 III III Aug. 26 Oct. 22
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started