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Assume That on December 1, a Note Which Has a Face

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Assume that on December 1, a note which has a face value of $9,000, bears interest at 9 percent for 120 days, received from a customer as an extension of his of past - due account is dishonored. The entry that would be made to record the dishonor (ignoring interest) is: Assume that on December 1, a note which has a face value of $9,000, bears interest at 9 percent for 120 days, received from a customer as an extension of his of past - due account is dishonored. The entry that would be made to record the dishonor (ignoring interest) is:

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