The Hernandez Company Had the Following Transactions Involving Notes Receivable

question 9

Essay

The Hernandez Company had the following transactions involving notes receivable during 2019. Record the transactions on page 6 of a general journal. Omit descriptions.
July 1 Received a 3 month, 8 percent note for $9,000 from Lincoln Company, a customer whose account was overdue.
October 1 The note issued by Lincoln Company was dishonored today.

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Definitions:

DDR3

A type of RAM (Random Access Memory) that stands for Double Data Rate Type 3, offering faster speeds and lower power consumption than its predecessors.

Bus Speeds

Bus speeds represent the data transfer rate of the bus, the communication system that transfers data between components inside or between computers.

RAM Slot

A physical slot inside a computer where a RAM (Random Access Memory) module is inserted to increase the machine’s memory capacity.

Thin Client

A type of computer that does not have all the ports and components (such as a hard drive) of a traditional PC. It includes basic applications, meets minimum requirements for the selected OS, and has network connectivity.