Instructions: Complete the journal entries for Gem's Sporting Goods on the dates indicated and answer the related questions. You may omit explanations from journal entries. Gem's Sporting Goods sells off road sports vehicles (dirt bikes, golf carts, etc.) to customers and often extends credit for more than 30 days by offering customers financing arrangements. On November 5 , 2022, Gem sells 5 golf carts to Valley Golf, a local golf course, for $75,000 and accepts a 90-day, 8\% APR promissory note. What date does the promissory note mature? Prepare the journal entry on November 5,2022 , to record the sale of the 5 golf carts assuming each cart cost Gem $10,000. At time of sale Gem accepted a $75,000,90-day, 8% APR promissory note. Prepare the adjusting journal entry to record interest eamed as of December 31, 2022. You mary round Prepare the journal entry at maturity assuming the note is fully honored. You may round your answers Instructions: Complete the journal entries for Gem's Sporting Goods on the dates indicated and answer the related questions. You may omit explanations from journal entries. Gem's Sporting Goods sells off road sports vehicles (dirt bikes, golf carts, etc.) to customers and often extends credit for more than 30 days by offering customers financing arrangements. On November 5 , 2022, Gem sells 5 golf carts to Valley Golf, a local golf course, for $75,000 and accepts a 90-day, 8\% APR promissory note. What date does the promissory note mature? Prepare the journal entry on November 5,2022 , to record the sale of the 5 golf carts assuming each cart cost Gem $10,000. At time of sale Gem accepted a $75,000,90-day, 8% APR promissory note. Prepare the adjusting journal entry to record interest eamed as of December 31, 2022. You mary round Prepare the journal entry at maturity assuming the note is fully honored. You may round your answers