NOTES RECEIVABLE EXERCISE During 2023, Alden Corp. had the transactions below, prepare journal entries for each transaction and the adjusting journal entry necessary at December 31,2023. Jan. 5 Sold $10,000 of merchandise on account to Flynn Co., terms n/15. Hint: A/R Jan. 20 Flynn Co. was having temporary cash problems and requested the A/R of $10,000 be converted to a N/R. Flynn Company agreed and accepted a $10,000,3-month, 6% note for the amount due (in lieu of A/R). Apr. 20 Collected Flynn Company note in full (principal and interest). Sept. 1 Sold $5,000 of merchandise to Glazer Company and accepted a $5,000,6%,6-month note for the amount due. Dec. 31 Made adjusting entry necessary for the outstanding notes receivable. Hint: Accrual of interest revenue. March 1, 2024 What journal entry would be necessary when payment in full was received from Glazer Company