Prepare journal entries for the following transactions for the current year Note: Use 360 days a...

 

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Prepare journal entries for the following transactions for the current year Note: Use 360 days a year. April 25 Accepted a $6,400, 90-day, 9% note from a customer in granting a time extension on its past-due account receivable. June 24 The customer dishonored the note. View transaction list View journal entry worksheet No 1 Date General Journal April 25 Notes receivable Accounts receivable 2 June 24 Accounts receivable Interest revenue Debit Credit 6,400 6,400 144 Prepare journal entries for the following transactions for the current year Note: Use 360 days a year. April 25 Accepted a $6,400, 90-day, 9% note from a customer in granting a time extension on its past-due account receivable. June 24 The customer dishonored the note. View transaction list View journal entry worksheet No 1 Date General Journal April 25 Notes receivable Accounts receivable 2 June 24 Accounts receivable Interest revenue Debit Credit 6,400 6,400 144

Answer rating: 100% (QA)

The journal entries are given below No Date General journal Debit Credit 1 April 25 No... View the full answer