The company pledged its $20,000 notes receivables to a bank and received a loan of $15,000. The
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The company pledged its $20,000 notes receivables to a bank and received a loan of $15,000. The note is NOT paid on the maturity. The company protested the note, notary fee $10. Paid the bank the principal amount of the loan plus $1,500 interest.
Journalize the transactions
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