On March 9, Hill gave Oriole Company a 80-day, 9% promissory note for $5,700. Hill dishonors...

 

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On March 9, Hill gave Oriole Company a 80-day, 9% promissory note for $5,700. Hill dishonors the note on May 9. Record the entry that Oriole would make when the note is dishonored, assuming (1) that no interest has been accrued, and (2) that eventual collection is expected. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Use 360 days for calculation. List all debit entries before credit entries. Round answers to O decimal places, e.g. 1,252.) Date Account Titles and Explanation May 9 Debit Credit On March 9, Hill gave Oriole Company a 80-day, 9% promissory note for $5,700. Hill dishonors the note on May 9. Record the entry that Oriole would make when the note is dishonored, assuming (1) that no interest has been accrued, and (2) that eventual collection is expected. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Use 360 days for calculation. List all debit entries before credit entries. Round answers to O decimal places, e.g. 1,252.) Date Account Titles and Explanation May 9 Debit Credit