Instructions Marydale Products permits its customers to deter 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, 2018, Marydale accepts a 6-month, 11% noto from Customer A in lieu of a 84,800 cash payment for services provided that day. b. On February 28, 2020, Marydale accepts a 6-month, $1,200, 8% note from Customer in law of a $1,200 cash payment for services provided on that day. c. On April 30, 2020, Customer A pays the entire note plus interest in cash. d. On August 31, 2020, Customer pays the entire note plus interest in cash Required: Prepare the necessary journal and adjusting entries required to record Transactions a through din Marydale's records. In Chart Of Accounts CHART OF ACCOUNTS M si Marydale Products General Ledger ASSETS REVENUE 111 Cash 411 Sales Revenue 112 Petty Cash 412 Service Revenue 121 Accounts Receivable 413 Interest Income 123 Allowance for Doubtful Accounts 414 Rent Revenue 124 Notes Receivable 125 Supplies 126 Prepaid Insurance EXPENSES 511 Cost of Goods Sold 127 Prepaid Rent 512 Advertising Expense 128 Inventory 513 Supplies Expense 129 Interest Receivable 514 Utilities Expense 130 Investment 515 Rent Expense 131 Land 516 Insurance Expense 517 Service Charge Expense 132 Buildings 133 Equipment 518 Bad Debt Expense 521 Wages Expense 134 Furniture Chart Of Accounts 135 Trucks 531 Interest Expense 139 Accumulated Depreciation 532 Depreciation Expense 541 Income Taxes Expense LIABILITIES 211 Accounts Payable 212 Notes Payable 213 Income Taxes Payable 214 Wages Payable 215 Utilities Payable 216 Insurance Payable 217 Rent Payable 221 Interest Payable 222 Unearned Sales Revenue 223 Unearned Rent Revenue 231 Bonds Payable EQUITY 311 Common Stock 321 Retained Earnings 331 Dividends General Journal Prepare the necessary Journal and adjusting entries required to record transactions of Marydale Products. General Journal Instructions IMP JOURNAL BALANCE SHE DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS UABILITIES 1 2 3