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On May 17, Kuhio Company lent $15,000 to Makaha Corporation. Makaha Corporation signed a 120-day, 5% promissory note in favor of Kuhio Company. The correct

On May 17, Kuhio Company lent $15,000 to Makaha Corporation. Makaha Corporation signed a 120-day, 5% promissory note in favor of Kuhio Company. The correct entry to record the note was made on May 17. The year-end financial statements are being prepared at June 30. At maturity, the note was dishonoured by Makaha Corporation. REQUIRED: Prepare the general journal entries for Kuhio Company at May 17, June 30 and the journal entry at maturity. Date Account Titles and Explanations Debit Creditimage text in transcribed

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