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ord the following transactions in general journal form for the Newell Company. July 1 Received a $7,000, 8%, 3-month note, dated July 1, from Lois...

ord the following transactions in general journal form for the Newell Company.

July 1 Received a $7,000, 8%, 3-month note, dated July 1, from Lois Patton in payment of her open account.

Oct. 1 Received notification from Lois Patton that she was unable to honor her note at this time. It is expected that Jordan will pay at a later date.

Nov. 15 Received full payment from Lois Patton for note receivable previously dishonored.

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