BE8.12 (LO3) Xavier Limited accepts a three-month, 6%, $40,000 note receivable in settlement of an account receivable on April 1, 2021. Interest is due at maturity. Xavier only has a few notes receivable and does not use the allowance method. a. Prepare the journal entries required by Xavier Limited to record the issue of the note on April 1, and the settlement of the note on July 1, assuming the note is honoured and that no interest has previously been accrued. b. Repeat part (a) assuming that the note is dishonoured, but eventual collection is expected. c. Repeat part (a) assuming that the note is dishonoured and eventual collection is not expected