Journalize the following transactions of Upton Drugs:July 8Received a $180,000, 90-day, 8% note dated July 8 from Miracle Chemical on account.Oct. 6The note is dishonored by Miracle Chemical.Nov. 5Received the amount due on the dishonored note plus interest for 30 days at 10% on the total amount charged to Miracle Chemical on October 6.
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