Covington Limited accepts a three-month, 6%, $43,200 note receivable in settlement of an account receivable on April 1, 2021. Interest is due at maturity. - Your answer is partially correct. Prepare the journal entries required by Covington Limited to record the issue of the note on April 1, and the settlement of the note on July 1, assuming that the note is dishonoured and eventual collection is not expected. (List all debit entries before credit entries. 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.) Date Account Titles and Explanation Debit Credit Apr. 1 Notes Receivable 43200 Accounts Receivable 43200 July 1 4 Accounts Receivable 43200 Notes Receivable 43200