ANSWERALL QUESTIONS QUESTION ONE: (Suggested time : 15 mins) (15 polnts) Prepare journal entries to record the following events, rounding to the nearest dollar if necessary: April 1 Hoover Company received a 7%, 6-month $50,000 note dated April 1 from a customer whose account balance was in default. Account Titles Debit Credit Oct. 1 The note is honoured, and no interest had been accrued. Account Titles Debit Credit