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On February 15, Milos accepted a one-year note for $10,000 at 2% from one of its customers. When the note matured on December 31, the

On February 15, Milos accepted a one-year note for $10,000 at 2% from one of its customers. When the note matured on December 31, the customer was unable to pay, and the company treated it as a dishonored note. Provide the journal entry for the dishonor of the note in the books of the company.

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