Journalize the following transactions of Theres Productions: May 3. Received a $150,000, 90-day, 8% note dated May

Question:

Journalize the following transactions of Theres Productions:
May 3. Received a $150,000, 90-day, 8% note dated May 3 from Xpedx Company on account.
Aug. 1. The note is dishonored by Xpedx Company.
31. Received the amount due on the dishonored note plus interest for 30 days at 10% on the total amount charged to Xpedx Company on August 1.