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Journalize the following transactions of Upton Drugs: July 8 Received a $180,000, 90-day, 8% note dated July 8 from Mirade Chemical on account. Oct. 6

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Journalize the following transactions of Upton Drugs: July 8 Received a $180,000, 90-day, 8% note dated July 8 from Mirade Chemical on account. Oct. 6 The note is dishonored by Mirade Chemical Nov. 5 Received the amount due on the dishonored note plus interest for 30 days at 10% on the total amount charged to Mirace Chemical on Oct. 6. 18 an amount box does not require an entry leave it blank. Assume 360 days per year. When required, round your answers to the nearest dollar July 8 Oct. 6 Nov. 5

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