On January 1,Cooper Company accepted a one-year note for $5,000 at 4% from one of its customers.When the note matured on December 31,the customer was unable to pay,and the company treated it as a dishonored note.Prepare the journal entry that Cooper will make to record the dishonored note.Omit explanation.

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The Answer of On January 1,Cooper Company accepted a one-year note for $5,000 at 4% from one of its customers.When the note matured on December 31,the customer was unable to pay,and the company treated it as a dishonored note.Prepare the journal entry that Cooper will make to record the dishonored note.Omit explanation.

On January 1,Cooper Company Accepted a One-Year Note for $5,000