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The Windblown Company had the following transactions involving notes receivable during 2 0 x 1 . Record the transactions on page 1 1 of a

The Windblown Company had the following transactions involving notes receivable during 20x1. Record the transactions on page 11 of a general journal. Omit
descriptions.
March Received a 60-day, 12 percent note for $5,000 from Abbott Company, a customer whose account was overdue.
8
April 7 Discounted the note received from Abbott Company at the Hometown Bank. The bank charged a discount rate of 14 percent.
May 7 Received notice from Hometown Bank that the note issued by Abbott Company was dishonored today. The bank charged Windblown's account for the
maturity value of the note plus a $20 protest fee.
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