pine boat company often requires customers sign promissory notes major credit purchases jour

Pine Boat Company often requires customers to sign promissory notes for major credit purchases. Journalize the following transactions for Pine Boat Company.

Feb.  12     Accepted a $30,000, 6%, 60-day note from Bob Weiss for a 24-foot motorboat built to his specifications.

April  14     Received notification from Bob Weiss that he was unable to honor his promissory note but that he expects to pay the amount owed in May.

May  26     Received a check from Bob Weiss for the total amount owed.

June10     Received notification by the bank that Bob Weiss check was being returned “NSF” and that Mr. Weiss had declared personal bankruptcy.

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