instruction : 10xxx: 10558

7 Part 3: Accounts and Notes Receivable D F (6 Marks) 8 9 Nelson shares the following information on transactions that took place in the month of October: 10 11 a) Notes Receivable: 12 On October 1st, Pike Place Coffee lends $10,XXX to an employee to help them with some educational expenses. The note is to be 13 31, 2022 with interest. The annual interest rate on the note is 8%. 14 15 REQUIRED: 16 Nelson advises you that the note has not yet been recorded. Record the journal entries for the note receivable and any 17 adjusting journal entries required at year-end. (3 Marks) 18 19 NOTE: For the last three digits of the note, update the last three numbers with the last THREE (3) digits of your student 10. 20 For example, if your Student ID is T123456, you would change the last three numbers to 456 and the note would be $10,456. 21 Round your calculations and journal entries to ZERO decimals places. 22 23 b) Accounts Receivable: 24 6 Financial Statements 25 Sushma provides you with an aging schedule for the balance in Accounts Receivable. As all of the revenues from the cafes are pa 26 for in cash, the Accounts Receivable balance relates completely to Catering Revenues which are all credit sales. 27 Nelson advises that currently there is a $0 balance in the Allowance for Doubtful Accounts general ledger account 28 2. Inventory 3. Accounts & Notes Receivable 4. Capital Assets 5. Trial Balance