On May 2, Ling Ltd. lends ¥9,000 to Chen, Inc., issuing a 6-month, 7% note (¥ in thousands). At the maturity date, November 2, Chen indicates that it cannot pay.

Instructions
a. Prepare the entry to record the issuance of the note.
b. Prepare the entry to record the dishonor of the note, assuming that Ling expects collection will occur.
c. Prepare the entry to record the dishonor of the note, assuming that Ling does not expect collection in the future.