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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 Miracle Chemical on account. Oct. 6

Journalize the following transactions of Upton Drugs: July 8 Received a $180,000, 90-day, 8% 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

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