Para Float Company Often Requires Customers to Sign Promissory Notes

Essay

Para Float Company often requires customers to sign promissory notes for major credit purchases. Journalize the following transactions for Para Float Company.
Feb. 12 Accepted a $30000 4% 60-day note from Yancy Blair for a 24-foot motorboat built to his specifications.
April 14 Received notification from Yancy Blair 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 Yancy Blair for the total amount owed.
June 10 Received notification by the bank that Yancy Blair check was being returned "NSF" and that Mr. Blair had declared personal bankruptcy.