McKale Company has a three-month, $18,000, 9% note receivable from L. Peters that was signed on June
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McKale Company has a three-month, $18,000, 9% note receivable from L. Peters that was signed on June 1, 2024. Peters defaults on the loan on September 1.
Journalize the entry for McKale to record the default of the loan.
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Related Book For
Horngrens Accounting The Financial Chapters
ISBN: 9780136162186
13th Edition
Authors: Tracie Miller Nobles, Brenda Mattison
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