Question: Journal Instructions Apr . 18 30 2 May 18. 3 June 29 Received a $60,000, 30 day, 10% note dated April 18 from Glenn Cross

 Journal Instructions Apr . 18 30 2 May 18. 3 June
29 Received a $60,000, 30 day, 10% note dated April 18 from
Glenn Cross on account. Received a $40,800, 60-day, 5% note dated April

Journal Instructions Apr . 18 30 2 May 18. 3 June 29 Received a $60,000, 30 day, 10% note dated April 18 from Glenn Cross on account. Received a $40,800, 60-day, 5% note dated April 30 frorn Rhoni Melville on account. The note dated April 18 from Glenn Cross is dishonored, and the customer's account is charged for the note, including interest. The note dated April 30 from Rhoni Melville is dishonored, and the customer's account is charged for the note, including interest. Cash is received for the amount due on the dishonored note dated April 18 plus interest for 90 days at 5% on the total amount debited to Glenn Cross on May 18 Wrote off against the allowance account the amount charged to Rhoni Melville on June 29 for the dishonored note dated April 30. 5 Aug 16 6 Oct 22 9 11 Required: Journalize the above transactions in the accounts of Safari Games Co., which operates a riverboat casino. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debitor credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Assume a 360-day year when calculating Interest Round your answers to the nearest dollar. 12 LOL JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEPT CREDIT ASSETS LLARILITIES FQUITY 1 2 3 10 11 12 lournal 3 4 5 7 19 10 ET 14 15

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!