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Jordan Company uses the allowance method for uncollectible accounts. Jordan Company accepted a $ 5 , 0 0 0 , 1 2 % , 9

Jordan Company uses the allowance method for uncollectible accounts. Jordan Company

accepted a $

5, 000, 12 %, 90 -

day note dated May

16,

from Beckam Company in exchange for

its past

-

due account receivable. Make the necessary general journal entries for Jordan

Company on May

16

and the August

14

maturity date, assuming.that the:

.

Note is honored

.

Note honered

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