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Record the following transactions in general journal form for McConnell Company. 01-Jul 30-Sep 15-Nov Received a $5,000, 3-month, 8% note, dated July 1st, from
Record the following transactions in general journal form for McConnell Company. 01-Jul 30-Sep 15-Nov Received a $5,000, 3-month, 8% note, dated July 1st, from Ruth Jordan because she was unable to pay off th emoney she owed us from a previous accounts receivable Received notification from Ruth Jordan that she was unable to honour her note at this time. It is expected that Jordan will pay at a later date. Received full payment from Ruth Jordan for note receivable previously dishonoured. No additional financing charges were charged. Date Particulars P.R. Debit Credit
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College Accounting
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
11th edition
978-1111528300, 1111528128, 1111528306, 978-1111528126
