b) On 4/1/09 Your Co. loaned Y Co. $40000 on a 6% 5 year note. Record the journal entries at issuance, year end, and when the annual interest payment is received. Assume the monthly convention is used General Journal Date Account/Explanation PR Debit Credit 4/1/09 Note Receivable 40,000.00 Cash 40,000.00 (Y Co. $40000 6% 5 year note) 12/31/09 Interest Receivable Interest Revenue (Accrue interest) 4/1/10Cash Interest Revenue Interest Receivable (Interest payment received) c) On 11/19/09 Your Co. loaned J Co. $50000 on a 12% 60 day note. Record the journal entries at issuance, year end, and maturity. Assume interest is paid at maturity and the 360 day convention is used General Journal Date Account/Explanation PR Debit Credit 11/19/09 Note Receivable 50,000.00 Cash (J Co. $50000 12% 60 day note) 50,000.00 12/31/09 Interest Receivable Interest Revenue (Accrue interest) Cash Interest Receivable Note Receivable Interest Revenue 50,000.00 Maturity of note)