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jornalize transactions Prepare the following journal entries (9) Mona wrote a $7,500, four month, 15% promissorty note dated May 1, to settle a open account.
jornalize transactions
Prepare the following journal entries (9) Mona wrote a $7,500, four month, 15% promissorty note dated May 1, to settle a open account. Prepare the entry that Mona would makes for the receipt of the note. On September 1, prepare the journal entry if Mona receives the payment of the note, at payment date. (Honor of a note receivable) If on September 1, Mona does not receives the payment of the note, at payment date. (Dishonor of a note receivable) Value 16 pts. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?". 1-May Account Account Value Value Value 1-Sep Account Account Account Value Value Value 1-Sep Account Account Account Value Value Step by Step Solution
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