Mar. 29 Received a $30,000, 60-day, 5% note dated March 29 from Karie Platt on account.
Apr. 30. Received a $24,000, 60-day, 8% note dated April 30 from Jon Kelly on account.
May 28. The note dated March 29 from Karie Platt is dishonored, and the customer’s account is charged for the note, including interest.
June 29. The note dated April 30 from Jon Kelly is dishonored, and the customer’s account is charged for the note, including interest.
Aug. 26. Cash is received for the amount due on the dishonored note dated March 29 plus interest for 90 days at 8% on the total amount debited to Karie Platt on May 28.
Oct. 22. Wrote off against the allowance account the amount charged to Jon Kelly on June 29 for the dishonored note dated April 30.

Journalize the above transactions in the accounts of Missouri Gaming Co., which operates a riverboat casino

Explanation:

DateDescriptionPost. Ref.DebitCreditAssetsLiabilitiesEquity

1Mar.29Notes receivable 30000 30000

2 Accounts receivable-Karie Platt 30000-30000

3Apr.30Notes receivable 24000 24000

4 Accounts receivable-Jon Kelly 24000-24000

5May.28Accounts receivable-Karie Platt 30250 30250

6 Notes receivable 30000-30000

7 Income Summary ($30000 x 5% x 60/360) 250 250

8Jun.29Accounts receivable-Jon Kelly 24320 24320

9 Notes receivable 24000-24000

10 Income Summary ($24000 x 8% x 60/360) 320 320

11Aug.26Cash 30855 30855

12 Accounts receivable-Karie Platt 30250-30250

13 Income Summary ($30250 x 8% x 90/360) 605 605

14Oct.22Allowance for Doubtful Accounts 24320 24320

15 Accounts receivable-Jon Kelly 24320-24320

163745163745117501175

answer; /// i believe the correct answer is (market share); good luck

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