tes On June 3, 20X1, Alaska State Company received a $5,400, 45-day, 12 percent note from Samuel Adams, a customer whose account was past due. Alaska discounted the note on June 18, 20X1 at Georgia State Bank and Trust. Samuel Adams dishonored the note receivable discounted by Alaska State. Assume the bank deducted the maturity value of the dishonored note plus a $40 service charge from Alaska State's bank account on the due date of the note. Required: Prepare the entries in general journal form that Alaska State Company would make. (Use 360 days a year.) View transaction list Journal entry worksheet < Record entry for dishonor of Samuel Adams discounted note. Note: Enter debits before credits. Date: General Journal Debit Credit July 18, 20X1 Notes receivable-Discounted 5,400 Accounts receivable/Samuel Adams Record entry Clear entry View general journal < Prev 7 of 15 Next >