Brief Exercise 8-13 (Part Level Submission) | Lee Company accepts a $27,000, four-month, 6% note receivable in settlement of an account receivable on June 1, 2017, Interest is to be paid at maturity. Lee Company has a December 31 year end and adjusts its accounts annually. Your answer is correct. Record (1) the issue of the note on June 1 and (2) the settlement of the note on October 1, assuming the note is honoured. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to O decimal places, e.g. 5,275. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit June 1 # Notes Receivable 27000 Accounts Receivable 27000 Oct. 1 Cash 27540 27000 Notes Receivable Interest Revenue 540 Assume instead that the note is dishonoured but eventual collection is expected. Record the October 1 journal entry. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Oct. 1 List Of Accounts Brief Exercise 8-13 (Part Level Submission) Accounts Receivable Accumulated Depreciation Equipment Accumulated Depreciation Furniture Allowance for Doubtful Accounts Bad Debt Expense Cash Cost of Goods Sold Credit Card Expense Credit Card Receivable Debit Card Expense Equipment GST/HST Recoverable Interest Receivable Interest Revenue Merchandise Inventory Notes Receivable Prepaid Expenses Prepaid Insurance Rent Expense Salaries Expense Sales Sales Discounts Sales Returns and Allowances Service Revenue Short-Term Investments Supplies Supplies Expense