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this is not mulitple choice . 4. (15 Points) Prepare the following journal entries Aug 1 Received a 120 Day, 12% note for $15,000 from

this is not mulitple choice .

4. (15 Points) Prepare the following journal entries Aug 1 Received a 120 Day, 12% note for $15,000 from Petro Oil Co. in settlement of an Accounts Receivable. Dec 1 When asked to pay, Petro dishonored the note. Dec. 31 Received payment in full from Petro including 12% interest from the date the note was dishonored

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