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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Horngrens Accounting The Financial Chapters

ISBN: 9780136162186

13th Edition

Authors: Tracie Miller Nobles, Brenda Mattison

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