Journalize the following transactions of Prairie Theater Productions: July 8. Received a $30,000, 90-day, 8% note dated

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Journalize the following transactions of Prairie Theater Productions:

July 8. Received a $30,000, 90-day, 8% note dated July 8 from Pennington Company on account.

Oct. 6. The note is dishonored by Pennington Company.

Nov. 5. Received the amount due on the dishonored note plus interest for 30 days at 10% on the total amount charged to Pennington Company on October 6.

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Accounting

ISBN: 978-0324188004

21st Edition

Authors: Carl s. warren, James m. reeve, Philip e. fess

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Question Posted: Nov 06, 2012 07:31 AM

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Journalize the following transactions of Prairie Theater Productions: July 8. Received a $30,000, 90-day, 8% note dated

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