Exercise 2: Notes Receivable rt A: Cascade Cem pany sold merchandise to two customers and nccepted notes on January 31.2018. CustomerA signed a 6-1month. 8%, S 300,000 note. Principal and interest are due at maturity. The marke 2. CustomerB signed a 6. month. S300.000 noninterest-bearing note, discounted at %. . January 31 to record the sale of the merchandise and receipt of the notes from euch eustomer. Prepare journal entries 2. July 3t to record the collection of the notes and interest. July 31 July 31 Part B: Assume Cascade Company has its fiscal year end on June 30. Prepare the adjustments that would required for interest on the two notes June 30 June 30