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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago, 2 Days Ago |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Prepare general journal entries for the following transactions:
Aug. 4 Received a 120-day, 12% note in payment for accounts receivable balance of $4,000.
14 Discounted the note at a rate of 14%.
Sept. 5 Received a 30-day, 11% note in payment for accounts receivable balance of $1,200.
Oct. 5 The $1,200, 30-day, 11% note is dishonored.
Nov. 4 The dishonored note is paid, plus interest at 11% on the maturity value.
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