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pls write clearly:) McKyle Company has a three month, 24,000,6% not receivable from Michael that was signed on June 1, 2016. Michael defaults on the

pls write clearly:) image text in transcribed
McKyle Company has a three month, 24,000,6% not receivable from Michael that was signed on June 1, 2016. Michael defaults on the loan on September 1 Journalize the entry for McKyle to record the default of the loan (Record debit first, then credits Select the explanation on the last line of the journal entry table) Date Accounts Debit Credit 2016 Sept 1

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