Montana Corporation has a three-month, $10,000, 8% note receivable from L. Perez that was signed on June

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Montana Corporation has a three-month, $10,000, 8% note receivable from L. Perez that was signed on June 1, 2025. Perez defaults on the loan on September 1.

Journalize the entry for Montana Corporation to record the default of the loan.

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Horngrens Financial And Managerial Accounting The Financial Chapters

ISBN: 9780137858651

8th Edition

Authors: Tracie Miller Nobles, Brenda Mattison

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Question Posted: Jun 25, 2023 12:48 AM

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Montana Corporation has a three-month, $10,000, 8% note receivable from L. Perez that was signed on June

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Horngrens Financial And Managerial Accounting The Financial Chapters

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