Give the entries in general journal form that Fidelity State Company would make if Horace Coe dishonored

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Give the entries in general journal form that Fidelity State Company would make if Horace Coe dishonored the note receivable discounted by Fidelity State in Exercise 16.6, assuming the bank deducted the maturity value of the dishonored note plus a $40 service charge from Fidelity State's bank account on the due date of the note.
In Exercise 16-6
On June 3, 2016, Fidelity State Company received a $4,800, 45-day, 10 percent note from Horace Coe, a customer whose account was past due.
Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...
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College Accounting Chapters 1-30

ISBN: 978-0077862398

14th edition

Authors: John Price, M. David Haddock, Michael Farina

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