Essay
Record the following transactions in general journal form for Karen Heller Company.
July 1 Received a $20000 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.
Nov. 15 Received full payment from Nancy Freeman for her note receivable previously dishonored.
Correct Answer:
Verified
Correct Answer:
Verified
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