Culver Family Importers sold goods to Splish Brothers Decorators for $25,000 on November 1, 2023, accepting Splish Brothers's $25,000, six-month, 9% note. (a) Your answer is correct. Prepare Culver's November 1 entry, December 31 annual adjusting entry, and May 1 entry for the collection of the note and interest. (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. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Assume instead that Culver uses reversing entries. Prepare any appropriate reversing entry at January 1, 2024, and the May 1, 2024 entry for the collection of the note and interest. (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. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Credit