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. J. K. Pratt Co. had the following transactions: 20-1 July 20 Received a $720, 30-day, 5% note from ). 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, $1,180. Sept. 5 L. Beene paid $110 and gave a $1,070, 30-day, 4% note to extend time for payment. Oct. 5 L. Beene paid note issued September 5, plus interest. 10 Sold merchandise to R. Harris for $730: $70 plus a $660, 30-day, 4% note. Nov. 9 R. Harris paid $220 plus interest on note issued October 10 and extended the note ($440) for 30 days. Dec. 9 R. Harris paid note extended on November 9, plus interest. 10 Sold merchandise on account to B. Kraus, $1,520. 15 B. Kraus paid $130 on merchandise purchased on account, and gave a $1,390, 30-day, 4% 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 4% 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. 1 20-1 July 20 4 Aug. 19 I 8 25 11 Sept. 5 II III 15 Oct. 5 19 10 20 21 23 Nov. 9 24 1. ID IT U] U] ID IL JUUUUULL 27 | 28 Dec. 9 29 30 31 32 10 33 31 32 10 35 15 36 37 DN DOD DOD DDD 38 39 20-2 Jan. 14 40 42 43 Feb. 13 4 45