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help ASAP On September 1, the Pavey Company accepted a $24,000, 60 day, nine percent, promissory note in exchange for overdue accounts receivable balance for

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On September 1, the Pavey Company accepted a $24,000, 60 day, nine percent, promissory note in exchange for overdue accounts receivable balance for the same amount from the Wagner Company. On November 30, the Wagner Company dishonored the note. What journal entry should be recorded on November 30? Select one: Debit Allowance for Doubtful Accounts, credit Notes Receivable, Debit Dishonored Note Receivable Expense; credit Notes Receivable, Debit Accounts Receivable; credit Interest Income credit Notes Receivable, None of the entries is correct

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