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Current Attempt in Progress Novak Family Importers sold soods to Tung Decorators for $45,000 on November 1.2025 , accepting Tung's $45,000,6-month, 5%6 note. Prepare Novak's

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Current Attempt in Progress Novak Family Importers sold soods to Tung Decorators for $45,000 on November 1.2025 , accepting Tung's $45,000,6-month, 5%6 note. Prepare Novak's November 1 entry. December 31 annual adjusting entry, and May 1 entry for the collection of the note and interest. IIf no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account tities ore automaticaliy indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem.)

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