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i need help PART III (50 points) Selby Co. has the following two notes outstanding on Dec. 31, 2018 - $10,000, 1 year, 10% note

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PART III (50 points) Selby Co. has the following two notes outstanding on Dec. 31, 2018 - $10,000, 1 year, 10% note receivable from ABC Co. dated 6/1/19 - 57,000, 6 month, 11% note payable due to JKL Co. dated 9/1/19 Selby uses the estimation/allowance method to handle credit losses. - Prepare journal entries for the following 2019 transactions for Selby Co. (Show all computatio Fill in the date of a transaction if it is not provided.) Paid off JKL Co. note. ABC Co, defaults on their note. Selby expects to collect this amount eventually. Received $2,000 from MNO Co. This account had been previously written off as uncollectible

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