Question: Question (don't copy from any source i want text answer only) On January 1, Cooper Company accepted a one-year note for $5,000 at 4% from

Question (don't copy from any source i want text answer only)

Question (don't copy from any source i want text answer only) On January 1, Cooper Company accepted a one-year note for $5,000 at 4% from one of its customers. When the note matured on December 31, the customer was unable to pay, and the company treated it as a dishonored note. Prepare the journal entry that Cooper will make to record the dishonored note. Omit explanation

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