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Business, 24.03.2020 23:02 Wildstyle3000

Entries for Receipt and Dishonor of Note Receivable Journalize the following transactions of Trapper Jon’s Productions. Assume 360 days in a year. For a compound transaction, if an amount box does not require an entry, leave it blank. June 23 Received a $48,000, 90-day, 8% note dated June 23 from Radon Express Co. on account. Sept. 21 The note is dishonored by Radon Express Co. Oct. 21 Received the amount due on the dishonored note plus interest for 30 days at 10% on the total amount charged to Radon Express Co. on September 21.

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