151 152 15 Jishonor of Notes Receivable 3 journal entries Record the following transactions in the general journalfo Meyer Company. 154 155 156 7-Jan Received a $30,000 12%., 4 month note, dated January 1, from M. Kohler in payment of his open account 157 58 59 1-May Received notification from Kohler that he was unable to honor his note at this time. It is expected that Kohler will pay at a later date. 1 2 15-May Received full payment from M Kohler. Date Account Title Debit Credit 115 Notes Receivable 3 journal entries 11 118 Prepare the necessary journal entries for the following transactions of Almez Co. 119 120 1-Dec Almez Co. received a $10,000,4 month, 6% note from Drew Company in settlement of an account receivable. 121 122 123 31-Dec Accrue interest 124 125 1-Apr Almez Co. receives full payment on the Drew note. 126 127 Date Account Title Debit 128 Credit 129 130