Exercise 9-13 (Part Level Submission) On May 2. McLain Company lends $52,800 to Chang, Ine, issuing a 6 month, 10% note. At the maturity date, November 2, dang nd cates that it cannot pay. (a) Your answer is correct. Prepare the entry to record the issuance of the note. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Credit Account Titles and Explanation Debit Date May 2 | | Notes Receivable 52,800 52,800 Cash OP ACCOUNTS LINK TO T (b) Prepare the entry to record the dishonor of the note, assuming that McLain Company expects collection will occur. (Credit account titles are automatically indented when a Debit Credit Account Titles and Explanation Date