Describe the transaction that created the following journal entries (amounts omitted).
Definitions:
Notice
A formal communication or announcement, often legal in nature, that informs a person or entity about an action, decision, or condition that affects their rights or duties.
Holder in Due Course
A legal term for someone who has acquired a negotiable instrument in good faith and for value, and thus has certain protections against defenses and claims that could be asserted against the original payee.
Negotiable Instrument
A written document guaranteeing the payment of a specific amount of money, either on-demand or at a set time, with the payee able to transfer it to another holder.
Transferred
Moved or shifted from one place, person, or entity to another.
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