Great Plains Supply Co. has the following transactions related to notes receivable during the last 2 months of the year. 
Instructions
Journalize the transactions for Great Plains Supply Co.
Definitions:
Bankrupt
A legal status of a person or entity that cannot repay debts to creditors and has sought relief through bankruptcy proceedings.
Postdated Check
A check written with a date in the future, preventing the check from being deposited or cashed until that date.
Properly Payable
Refers to checks or drafts that meet all criteria for payment by the bank on which they are drawn, in accordance with the account holder's instructions and the bank's agreement with the customer.
Refusing To Pay
Refusing to pay describes a situation where a party deliberately does not settle a financial obligation, debt, or bill owed to another.
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