5. Chang Supply has the following transactions related to notes receivable during the last 2 months of 2020. The company does not make entries to accrue interest except at December 31 Nov. 1 Loaned HK$300,000 cash to Manny Shin on a 12 month, 10% note. Dec 11 Sold goods to Malcolm Inc., receiving a HK$67,500, 90-day, 8% note. 16 Received a HK$400,000, 180 day, 9% note in exchange for Joe Fernettis outstanding accounts receivable. 31 Accrued interest revenue on all notes receivable. Questions: ( 10%)

a. Journalize the transactions for Chang Supply. (Ignore cost of goods sold.) b. Record the collection of the Shin note at its maturity on Nov, 1, 2021.

Please help solve above and provide a very detailed explanation.