M Your answer is partially correct. On March 9, Phillips gave Jackson Company a 60-day, 12% promissory note for $5,200. Phillips dishonors the note on May 8. Record the entry that Jackson would make when the note is dishonored, assuming that no interest has been accrued. Assume Jackson expects collection will occur. (Use 360 days for calculation. Credit account titles are automatically Indented when the amount is entered. Do not Indent manually. Round Intermediate calculations to 2 decimal places, e.g. 52.75 and final answers to O decimal places, e.g. 1,525.) Date Account Titles and Explanation May 8 Cash Notes Receivable Interest Revenue Debit 5,304 Credit 5,200 104

it says that the input is wrong I put cash but it is wrong.

On March 9, Phillips gave Jackson Company a 60 -day, 12% promissory note for $5,200. Phillips dishonors the note on May/8. Record the entry that Jackson would make when the note is dishonored, assuming that no interest has been accrued. Assume Jackson expects collection will occur. (Use 360 days for calculation. Credit account titles are outomatically indented when the amount is entered. Do not indent manually. Round Intermedlate calculations to 2 decimal ploces, es. 52.75 and final answers to 0 decimal places, e.g. 1,525)