Entries for Receipt and Dishonor of Notes Receivable Journalize the following transactions in the accounts of Safari Games Co., which operates a riverboat casino. Assume 360 days in a year. For a compound transaction, if an amount box does not require an entry, leave it blank. Round final answers to the nearest cent when necessary. Apr. 18. Received a $43,200, 60-day, 7% note dated April 18 from Glenn Cross on account. 30. Received a $14,400, 60-day, 10% note dated April 30 from Rhoni Melville on account. May 18. The note dated April 18 from Glenn Cross is dishonored, and the customer’s account is charged for the note, including interest. June 29. The note dated April 30 from Rhoni Melville is dishonored, and the customer’s account is charged for the note, including interest. Aug. 16. Cash is received for the amount due on the dishonored note dated April 18 plus interest for 90 days at 6% on the total amount debited to Glenn Cross on May 18. Oct. 22. Wrote off against the allowance account the amount charged to Rhoni Melville on June 29 for the dishonored note dated April 30. Apr. 18 fill in the blank 2 fill in the blank 4 Apr. 30 fill in the blank 6 fill in the blank 8 May 18 fill in the blank 10 fill in the blank 11 fill in the blank 13 fill in the blank 14 fill in the blank 16 fill in the blank 17 June 29 fill in the blank 19 fill in the blank 20 fill in the blank 22 fill in the blank 23 fill in the blank 25 fill in the blank 26 Aug. 16 fill in the blank 28 fill in the blank 29 fill in the blank 31 fill in the blank 32 fill in the blank 34 fill in the blank 35 Oct. 22 fill in the blank 37 fill in the blank 39
Entries for Receipt and Dishonor of Notes Receivable Journalize the following transactions in the accounts of Safari Games Co., which operates a riverboat casino. Assume 360 days in a year. For a compound transaction, if an amount box does not require an entry, leave it blank. Round final answers to the nearest cent when necessary. Apr. 18. Received a $43,200, 60-day, 7% note dated April 18 from Glenn Cross on account. 30. Received a $14,400, 60-day, 10% note dated April 30 from Rhoni Melville on account. May 18. The note dated April 18 from Glenn Cross is dishonored, and the customer’s account is charged for the note, including interest. June 29. The note dated April 30 from Rhoni Melville is dishonored, and the customer’s account is charged for the note, including interest. Aug. 16. Cash is received for the amount due on the dishonored note dated April 18 plus interest for 90 days at 6% on the total amount debited to Glenn Cross on May 18. Oct. 22. Wrote off against the allowance account the amount charged to Rhoni Melville on June 29 for the dishonored note dated April 30. Apr. 18 fill in the blank 2 fill in the blank 4 Apr. 30 fill in the blank 6 fill in the blank 8 May 18 fill in the blank 10 fill in the blank 11 fill in the blank 13 fill in the blank 14 fill in the blank 16 fill in the blank 17 June 29 fill in the blank 19 fill in the blank 20 fill in the blank 22 fill in the blank 23 fill in the blank 25 fill in the blank 26 Aug. 16 fill in the blank 28 fill in the blank 29 fill in the blank 31 fill in the blank 32 fill in the blank 34 fill in the blank 35 Oct. 22 fill in the blank 37 fill in the blank 39
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 13P: Notes Receivable Transactions The following notes receivable transactions occurred for Harris...
Related questions
Question
Entries for Receipt and Dishonor of Notes Receivable
Journalize the following transactions in the accounts of Safari Games Co., which operates a riverboat casino. Assume 360 days in a year. For a compound transaction, if an amount box does not require an entry, leave it blank. Round final answers to the nearest cent when necessary.
Apr. 18. | Received a $43,200, 60-day, 7% note dated April 18 from Glenn Cross on account. |
30. | Received a $14,400, 60-day, 10% note dated April 30 from Rhoni Melville on account. |
May 18. | The note dated April 18 from Glenn Cross is dishonored, and the customer’s account is charged for the note, including interest. |
June 29. | The note dated April 30 from Rhoni Melville is dishonored, and the customer’s account is charged for the note, including interest. |
Aug. 16. | Cash is received for the amount due on the dishonored note dated April 18 plus interest for 90 days at 6% on the total amount debited to Glenn Cross on May 18. |
Oct. 22. | Wrote off against the allowance account the amount charged to Rhoni Melville on June 29 for the dishonored note dated April 30. |
Apr. 18 | fill in the blank 2 | ||
fill in the blank 4 | |||
Apr. 30 | fill in the blank 6 | ||
fill in the blank 8 | |||
May 18 | fill in the blank 10 | fill in the blank 11 | |
fill in the blank 13 | fill in the blank 14 | ||
fill in the blank 16 | fill in the blank 17 | ||
June 29 | fill in the blank 19 | fill in the blank 20 | |
fill in the blank 22 | fill in the blank 23 | ||
fill in the blank 25 | fill in the blank 26 | ||
Aug. 16 | fill in the blank 28 | fill in the blank 29 | |
fill in the blank 31 | fill in the blank 32 | ||
fill in the blank 34 | fill in the blank 35 | ||
Oct. 22 | fill in the blank 37 | ||
fill in the blank 39 |
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College