Cola Bottling signed a 60-day, 12% promissory note for $10,500 when they purchased $10,500 in bottling supplies from We-R-Containers. If the note is dishonored, but We-R-Containers intends to continue collection efforts, what is the journal entry made by We-R-Containers to record the dishonored note? (Use 360 days a year.)

Answer rating: 100% (QA)

To record the dishonored note in the financial journal WeRContainers should follow these steps 1 Cal... View the full answer