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Learning Objective 4S9-12 Recording a dishonored note receivable McKale Company has a three-month, $18,000, 9% note receivable from I-Peters that was signed on June 1,2018.

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Learning Objective 4S9-12 Recording a dishonored note receivable McKale Company has a three-month, $18,000, 9% note receivable from I-Peters that was signed on June 1,2018. Peters defaults on the loan on September 1. Journalize the entry for McKale to record the default of the loan

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