Instructions 1. Record the transactions in a general journal. When required, enter amounts to the nearest cent. If an amount box does not require an entry, leave it blank. Assume 360 days in a year. 5. K. Pratt Co. had the following transactions: 20-1 July 20 Received a $800, 30-day, 6% note from J. Akita in payment for sale of merchandise. Aug. 19 J. Akita paid note issued July 20 plus interest. 25 Sold merchandise on account to L. Beene, $1,030, Sept. 5 L Beene paid $200 and gave a $830, 30-day, 5% note to extend time for payment. Oct. 5 L. Beene paid note issued September 5, plus interest. 10 Sold merchandise to R. Harris for $830: $50 plus a $780, 30-day, 5% note. Nov. 9 R. Harris paid $160 plus interest on note issued October 10 and extended the note ($620) for 30 days. Dec. 9 R. Harris paid note extended on November 9, plus interest 10 Sold merchandise on account to B. Kraus, $1,410. 15 B. Kraus paid $180 on merchandise purchased on account, and gave a $1,230, 30-day, 7% note to extend time for payment. 20-2 Jan. 14 B. Kraus's note of December 15 is dishonored. Feb. 13 Collected B. Kraus's dishonored note, plus interest at 7% on the maturity value General Journal 1. Record the transactions in a general journal. When required, enter amounts to the nearest cent. If an amount box does not require an entry, leave it blank. Assume 360 days in a year. Page: DOC. POST. DATE ACCOUNT TITLE DEBIT CREDIT NO. REF. 20-1 July 20 1 1 2 2 3 3 4 Aug. 19 4 III II II 110 10 5 5 6 6 7 7 8 25 8 9 9 10 10 11 Sept. 5 11 12 12 13 13 General Journal 14 15 Oct. 5 16 17 18 19 10 22 III III IIII III QUO GIII DOU JIU 23 Nov. 9 28 Dec. 9 29 30 31 General Journal 29 29 30 30 31 31 32 10 32 33 33 34 34 Il II III III III II 35 15 35 36 36 37 37 38 38 39 20-2 Jan. 14 39 40 40 41 41 42 42 43 Feb. 13 43 44 44 45 45