Issuing of the note on june

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Reference no: EM133174011

Rodriguez Carpentry accepts a six month, 8% promissory note from James Matheson on June 1 to settle a $14,000 outstanding account receivable. Record the following transactions in the general journal:

a) The issuing of the note on June 1.

b) Full payment of the note on December 1.

c) Assume the note is dishonoured on December 1.

Reference no: EM133174011

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