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CanoWV2 Orching ebook Show Me How Calculator Instructions General Journal Instructions Dournal Entries (Note Received,...

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Accounting

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CanoWV2 Orching ebook Show Me How Calculator Instructions General Journal Instructions Dournal Entries (Note Received, Discounted, Dishonored, and Collected) 1. Prepare general Journal entries for the transactions. When required, enter amounts to the nearest cent. If an amount box does not require an entry, leave it blank. Apr. 6 Received a 120-day, 6% note in payment for accounts receivable balance of $3,500. 26 Discounted the note at a rate of 7%. May 3 Received a 30-day, 7% note in payment for accounts receivable balance of $700. June 2 The $700, 30-day, 7% note is dishonored. 5 The dishonored note is paid, plus interest 7% on the maturity value. Assume 360 days in a year. Y Chochy Work Partially correct Check My Work Email Instructor Save and it MacBook Air Calculator Instructions General Journal structions General Journal Page: 1 DOC. POST NO REF DEBIT CREDIT 1 DATE ACCOUNT TITLE 20-Apr 6 Notes Receivable Accounts Receivable 1.500 4 Apr. 26 Cash Notes Receivable Interest Revenue 0 111 II 001 00 dio in mi May 3 11 Jun.2 * Check My Work Partially correct Check My Work Email Instructor MacBook Air

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