Journalize the following transactions in the accounts of Safari Games Co., which operates a riverboat casino:
Apr. 18. | Received a $60,000, 30-day, 7% note dated April 18 from Glenn Cross on account. |
30. | Received a $42,000, 60-day, 8% 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 8% 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. |
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