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Prepare the necessary journal for the following transactions for Kennedy Co. May 25 Kennedy Co. received a $30,000, 2-month, 6% note from Holt Company in

Prepare the necessary journal for the following transactions for Kennedy Co. May 25 Kennedy Co. received a $30,000, 2-month, 6% note from Holt Company in settlement of an account receivable. July 25 Kennedy Co. received payment on the Holt

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