BUT01 Test 4 (For Printing) DOC - 59 KB PART VI - NOTES RECEIVABLE (8 points) Instructions: Prepare journal entries to record the following events: July 1: Howell Company received an 8%, 4-month $30,000 note dated July 1 from a customer for the balance of his open account Nov. 1: The note is honored and no interest has been previously accrued. Nov. 1: Assume instead that the note is dishonored by its maker and there is hope of future collection Open Word Nov. 1: Assume instead that the note is dishonored by its maker and there is hope of future collection Nov. 1: Assume instead that the note is dishonored and there is no hope of future collection