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Show journal entries for transactions that occurred in june

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The following transactions occurred in June through August 2021.

  1. June 1 After much thought, you sell a mixer to Greg on credit, terms n/30, for $1,150 (cost of mixer $620).
  2. June 30 Greg calls you. He is unable to pay the amount outstanding for another month, so he signs a one-month, 8.25% note receivable.
  3. July 31 Greg calls you. He indicates that he is unable to pay today but hopes to have a check for her at the end of the week. You prepare the journal entry to record the dishonoring of the note. You assume you will be paid within a week.
  4. Aug. 7 You receive a check from Greg in payment of his balance owed.

problem 1: Show journal entries for the transactions that occurred in June, July, and August.

Reference no: EM132843809

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