3. Clay Company completed the following transaction in 2021 June 1 Sold Merchandise to Papi Company receiving a $12,000,5%,9 month note. (Ignore Cost of Goods Sold) Aug 3 Issued a 60 day, 6%,$25,000 note for cash to Farrell Company Oct 2 Farrell Company dishonored its note. Clay Company converted the note to an Accounts Receivable. Nov 1 Sold Merchandise Inventory to Pedey Company receiving a $15,000, 4%,90 day note. (Ignore Cost of Goods Sold) Dec 7 Collected in full from Farrell Company Dec 31 Accrue interest on the Papi \& Pedey Company notes. Journalize above entries for Clay Company