On June 1,Mike's Motorcycle Shop accepted a 120-day,8%,$10,000 note from a customer from the sale of a motorcycle.On July 1,after 30 days,Mike discounted the note at First Bank at 10%.Record the journal entries for Mike's Motorcycles.

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The Answer of On June 1,Mike's Motorcycle Shop accepted a 120-day,8%,$10,000 note from a customer from the sale of a motorcycle.On July 1,after 30 days,Mike discounted the note at First Bank at 10%.Record the journal entries for Mike's Motorcycles.

On June 1,Mike's Motorcycle Shop Accepted a 120-Day,8%,$10,000 Note from a Customer