Business, 17.06.2021 17:30, bekzod37

Entries for Receipt and Dishonor of Notes Receivable Journalize the following transactions in the accounts of Missouri Gaming Co., which operates a riverboat casino. Assume 360 days in a year. If an amount box does not require an entry, leave it blank. Round final answers to the nearest cent when necessary.
Mar. 29. Received a $14,400, 60-day, 9% note dated March 29 from Karie Platt on account.
Apr. 30. Received a $18,300, 60-day, 6% note dated April 30 from Jon Kelly on account.
May 28. The note dated March 29 from Karie Platt is dishonored, and the customer's account is charged for the note, including interest.
June 29. The note dated April 30 from Jon Kelly is dishonored, and the customer's account is charged for the note, including interest.
Aug. 26. Cash is received for the amount due on the dishonored note dated March 29 plus interest for 90 days at 12% on the total amount debited to Karie Platt on May 28.
Oct. 22. Wrote off against the allowance account the amount charged to Jon Kelly on June 29 for the dishonored note dated April 30.
Mar. 29
Apr. 30
May 28
June 29
Aug. 26
Oct. 22

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 04:00, cameronbeaugh

Last week paul, ceo of quality furniture in south carolina, traveled to europe to visit customers. while overseas, paul checked his e-mail daily and showed his company's website to customers, explaining how the website will them place orders and receive merchandise more quickly. after visiting the last customer friday morning, paul was able to return to the corporate office in south carolina to meet with his board of directors that night. is the "shrinking" of time and space with air travel and electronic media.

Answers: 1

continue

Business, 22.06.2019 05:00, july00

Ajewelry direct sales company pays its consultants based on recruiting new members. question 1 options: the company is running a pyramid scheme, which is illegal. the company is running a pyramid scheme, which is legal. the company has implemented a legal and ethical plan for growth. the company uses this method of compensation to reduce the fee for the product sample kit.

Answers: 3

continue

Business, 22.06.2019 05:20, RichardKing2376

What are the general categories of capital budget scenarios? describe the overall decision-making context for each.

Answers: 3

continue

Business, 22.06.2019 09:40, Tyrant4life

Henry crouch's law office has traditionally ordered ink refills 55 units at a time. the firm estimates that carrying cost is 35% of the $11 unit cost and that annual demand is about 240 units per year. the assumptions of the basic eoq model are thought to apply. for what value of ordering cost would its action be optimal? a) for what value of ordering cost would its action be optimal?

Answers: 2

continue

Do you know the correct answer?

Entries for Receipt and Dishonor of Notes Receivable Journalize the following transactions in the a...