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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. If an amount box does not require an entry, leave it blank. 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.

- November 14, 2022 - Edwin Tunner

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. If an amount box does not require an entry, leave it blank.

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.

 

 

Apr. 18   fill in the blank 2 fill in the blank 3
    fill in the blank 5 fill in the blank 6
Apr. 30   fill in the blank 8 fill in the blank 9
    fill in the blank 11 fill in the blank 12
May 18   fill in the blank 14 fill in the blank 15
    fill in the blank 17 fill in the blank 18
    fill in the blank 20 fill in the blank 21
June 29   fill in the blank 23 fill in the blank 24
    fill in the blank 26 fill in the blank 27
    fill in the blank 29 fill in the blank 30
Aug. 16   fill in the blank 32 fill in the blank 33
    fill in the blank 35 fill in the blank 36
    fill in the blank 38 fill in the blank 39
Oct. 22   fill in the blank 41 fill in the blank 42
    fill in the blank 44 fill in the blank 45
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