Instructions ournal Entries (Note Received, Discounted, Dishonored, and Collected) a. Prepare general journal entries for the transactions. When required, enter amounts to the nearest cent. If an amount box does not equire an entry, leave it blank. Assume 360 days in a year. Aug. 4 Received a 120-day, 7% note in payment for accounts receivable balance of $3,600. 14 Discounted the note at a rate of 8%. Sept. 5 Received a 30-day, 6% note in payment for accounts receivable balance of $1,000. Oct. 5 The $1,000, 30-day, 6% note is dishonored. Nov. 4 The dishonored note is paid, plus interest at 6% on the maturity value. General Journal 1. Prepare general journal entries for the transactions. When required, enter amounts to the nearest cent. If an amount box) does not require an entry, leave it blank. Assume 360 days in a year. Page: 1 DOC. POST. DATE ACCOUNT TITLE DEBIT CREDIT NO. REF. 20- 1 Aug. 4 2 Aug. 4 14 5 6 00 000 Check My Work 7 Sep. B 5 10 10 Oct. 11 5 11 12 12 13 13 14 14 Nov. 15 4 15 16 16 17