Accounting for Notes Receivable-Honoured and Dishonoured On November 30, 2018, Tucker Products performed computer programming services for

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Accounting for Notes Receivable-Honoured and Dishonoured On November 30, 2018, Tucker Products performed computer programming services for Damascus Inc. in exchange for a five-month, $\$ 75,000,10 \%$ note receivable. Damascus Inc. paid Tucker the full amount of interest and principal on April 30, 2019. Tucker has a December 31 year-end.

\section*{Required:}

1. Prepare the necessary entries for Tucker to record the transactions described above.

2. Prepare the journal entry required if the note is dishonoured on April 30, 2019.

\section*{Exercise

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