Different figures, Read through carefully

Marydale Products permits its customers to defer payment by give personal notes instead of cash. All the notes bear interest and require the customer to pay the entire note in a single payment 6 months after issuance. Consider the following transactions, which describe Marydale's experience with two such notes: a. On October 31, 2019. Marydale accepts a 6-month, 11% note from Customer A in lieu of a 54,800 cash payment for services provided that day. b. On February 23, 2020, Marydale accepts a 6-month. $1,200, B\% note from Customer B in leu of a $1,200 cash payment for services provided on that day, c. On Apri 30, 2020, Customer A pays the entre note plus interest in cash. d. On August 31, 2020, Customer B pays the entire note plus interest in cash. Required: Propare the necessary journal and adjusting entries required to record Transictions a through d in Marydale s records: Chart Of Accounts ASSETS REVENUE 111 Cash 411 Sales Revenue 112 Petty Cash 412 Service Revenue 121 Accounts Receivable 413 Interest Income 123 Allowance for Doubtful Accounts ti4 Rent Revenue 124 Notes Receivable 125 Supplies EXPENSES 126 Prepaid Insurance 511 Cost of Goods Sold 127 Prepaid Rent 512 Advertising Expense 128 Inventory 513 Supplies Expense 129 Interest Receivable 514 Utilities Expense 130 Investment 515 Rent Expense 131 Land 516 Insurance Expense 132 Buildinas 517 Service Charge Expense Prepare the necessary journal and adjusting entries required to record transactions of Marydalo Products