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ENTRIES FOR RECEIPT OF NOTES RECEIVABLE (10 Points) - In the space provided on your answer sheet, prepare the journal entries for the following Note

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ENTRIES FOR RECEIPT OF NOTES RECEIVABLE (10 Points) - In the space provided on your answer sheet, prepare the journal entries for the following Note Receivable transactions. The Cyrus Wrecking Ball Rentals Company had the following transactions in 2017 Date May 1 Oct 31 Transaction Loaned Cash to Malibu Construction the amount of $100,000 on a 6 month note at 4% dated May 1 Received from Malibu Construction, cash for the face amount of the note plus the 6 months interest

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