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Question Help McKean Corporation has a three-month, $14,000, 3% note receivable from L Peterman that was signed on June 1, 2018. Peterman defaults on the

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Question Help McKean Corporation has a three-month, $14,000, 3% note receivable from L Peterman that was signed on June 1, 2018. Peterman defaults on the loan on September 1 Journalize the entry for McKean to record the default of the loan (Use months as a calculation base and not days. then credits. Select the explanation on the last line of the journal entry table.) Record debits first Date 2018 ew Sep.1 Accounts and Explanation Debit Credit 69

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