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Novak Family Importers sold goods to Tung Decorators for $45,000 on November 1,2025 , accepting Tung's $45,000,6month,5% note. Prepare Novak's November 1 entry, December 31

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Novak Family Importers sold goods to Tung Decorators for $45,000 on November 1,2025 , accepting Tung's $45,000,6month,5% note. Prepare Novak's November 1 entry, December 31 annual adjusting entry, and May 1 entry for the collection of the note and interest. (If no entry is required, select "No Entry" for the occount titles and enter O for the omounts. Credit occount titles ore automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries Record journal entries in the order presented in the probiem.)

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