3. Notes Receivable: (5 points) Complete the following journal entries for Century Loan, Inc. A. 10/1/20, Century Loan, Inc. loaned Mike's Bike Repair Shop $18,000 in cash in exchange for an 8%, 8-month note. Record the issuance of the Note Receivable to Mike's Repair Shop. B. 12/31/20 Record the adjusting journal entry for the interest accrued at the end of the year. C. 6/1/21 Record the payment Century Loan receives when Mike's Bike Shop pays the amount due, assuming no other adjusting entries have been made since Dec. 31, 2020. Date A B C Account Debit Credit 4. Disposing of Assets (5 points) Record the required journal entries when: A. June 30, McDonalds Inc. sells an old refrigerator in order to purchase a newer model. The refrigerator has been recorded on the books at $90,000. Accumulated Depreciation to date is $76,000. The buyer pays McDonalds $22,000 cash. Date Account Debit Credit B. Mary's Cajun Seafood is selling its oven to make way for the new oven coming soon. The stove was purchased for $60,000 on June 15, 2015. To date, the stove has been depreciated $45,000. The buyer pays Mary $12,500 for the stove.