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Record the following transactions in general journal form for the Sandhill Company. (Credit account titles are automatically indented when the amount is entered. Do not
Record the following transactions in general journal form for the Sandhill Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) July 1 Received a $30,000,7%, 3-month note, dated July 1, from Lois Patton in payment of her open account. Oct. 1 Received notification from Lois Patton that she was unable to honor her note at this time. It is expected that Patton will pay at a later date. Nov. 15 Received full payment from Lois Patton for a note receivable previously dishonored. Date Account Titles and Explanation Debit Credit
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