Prepare the general journal entries for Kuhio Company

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Question - On May 17, Kuhio Company lent $15,000 to Makaha Corporation. Makaha Corporation signed a 120-day, 5% promissory note in favor of Kuhio Company. The correct entry to record the note was made on May 17. The year-end financial statements are being prepared at June 30. At maturity, the note was dishonoured by Makaha Corporation. Prepare the general journal entries for Kuhio Company at May 17, June 30 and the journal entry at maturity.

Reference no: EM132769815

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