accepted a one-year note for $5,000 at 4% from J. Barker, one of its customers, in red noe note matured on December 31, 2018 the customer was unable to pay, and the On January 1, 2018 Ajax Corporation place of an account receivable. When the company treated it as a dishonored one-year note December 31, 2018 REQUIRED Prepare the journal entries for the acceptance of the note on ) the books of the company. Explanations are not required January 1 and for the dishonor of the note on December 31 on Date Description Credit Debit