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Record the following transactions in general journal form for Karen Heller Company July 1 Received a $200,000, 8%, 3-month note, dated July 1, from Nancy

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Record the following transactions in general journal form for Karen Heller Company July 1 Received a $200,000, 8%, 3-month note, dated July 1, from Nancy Freeman in payment of her open account. Oct 1 Received notification from Nancy Freeman that she was unable to honor her note at this time. It is expected that Freeman will pay at a later date 2

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