Question: McKenna Corporation has a three- month, $ 10,000, 8% note receivable from L. Chambers that was signed on June 1, 2015. Chambers defaults on the

McKenna Corporation has a three- month, $ 10,000, 8% note receivable from L. Chambers that was signed on June 1, 2015. Chambers defaults on the loan on September 1.

Journalize the entry for McKenna to record the default of the loan.

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