Journalize the following transactions of Trapper Jon's Productions: June 23 Received a $48,000, 90-day, 8% note dated
Question:
June 23 Received a $48,000, 90-day, 8% note dated June 23 from Radon Express Co. on account.
Sept. 21 The note is dishonored by Radon Express Co.
Oct. 21 Received the amount due on the dishonored note plus interest for 30 days at
10% on the total amount charged to Radon Express Co. on September 21?
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June 23 Notes Receivable 48000 Accounts ReceivableRadon Express C...View the full answer
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Related Book For
Financial And Managerial Accounting
ISBN: 9781337119207
14th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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