Instructions Marydale Products permits its customers to defer payment by giving personal notes instead of cash. All the notes bear interest and require the customer to pay the entire note in a single payment 6 months after issuance. Consider the following transactions, which describe Marydale's experience with two such notes: a. On October 31, 2019. Marydale accepts a 6-month, 10% note from Customer A in lieu of a $4.200 cash payment for services provided that day. 6. On February 28, 2020, Marydale accepts a 3-month, $1.800.7% note from Customer B in lieu of a $1.800 cash payment for services provided on that day a On April 30, 2020, Customer A pays the entire note plus interest in cash. d. On August 31, 2020. Customer B pays the entire note plus interest in cash. Required: Prepare the necessary joumal and adjusting entries required to record Transactions a through din Marydale's records. General Journal Shaded cells have feedback General Journal Instructions How does grading work? PAGE 2019 PAGE 2020 Score: 142/167 JOURNAL IMPACT ON FINANCIAL STATEMENTS BALANCE SHEET INCOME STATEMENT DATE DESCRIPTION POSTREF. DEBIT CREDIT ASSETS LIABILITIES EQUITY REVENUE EXPENSES NET INCOME 4,200.00 Oct 31 Notes Receivable Sales Revenue 4,200.00 Dec 31 63.00 Interest Receivable Interest Income 65.00 Points: 282/31 General Journal Shaded cells have feedback. General Journal Instructions How does grading work? PAGE 2019 PAGE 2020 Score: 142/167 JOURNAL IMPACT ON FINANCIAL STATEMENTS BALANCE SHEET INCOME STATEMENT DATE DESCRIPTION POST. REF. CREDIT ASSETS LIABILITIES EQUITY REVENUE EXPENSES NET INCOME DEBIT 1,800.00 Feb. 28 1,800.00 Notes Receivable Sales Revenue Cash Notes Receivable Apr 30 4,839.00 4,200.00 63.00 Interest Income Interest Receivable 126.00 Aug 31 Cash 1,854.00 Notes Receivable 1,800.00 54.00 Interest Income Points: 26.38/31