Can somebody help me? :confused:

1. What is the journal entry required to record the receipt of payment of the following Note Receivable? The following note was paid on the maturity date, August 24, 2009: ($ 36,000 8% 90 day note)

2. If the above note, described in question # 2, was not paid (dishonored) how would you record the journal entry on the due date August 24, 2009?

Principles of Accounting Chapter 7

That's an online textbook. Please read and then make an attempt to do your work. You're certainly welcome to post what you've come up with and someone can check it for you.