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III Instruction Journalise the following transactions of Upton Drugs Transactions: July 8 Received a $180,000, 90-day, 3% note dated July 8 from Miracle Chemical on

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III Instruction Journalise the following transactions of Upton Drugs Transactions: July 8 Received a $180,000, 90-day, 3% note dated July 8 from Miracle Chemical on account Oct 6 The note is dishonored by Miracle Chemical Nov 5 Received the amount due on the dishonored note plus interest for 30 days at 10% on the total amount charged to Miracle Chemical on Oct 6 Required: Journalize the above transactions Refer to the Chart of Accounts for exact worting of account nifles. Assume a 360 day year whee calculating interest

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