On May $2,$ Blossom Company lends $$10,200$ to Wildhorse, Inc., issuing a $6-$month, $6\%$ note. At the November $2$ maturity date, Wildhorse indicates that it cannot pay.

$($a$)$

Prepare the entry to record the issuance of the note. $($List debit entry before credit entry. Credit account titles are automatically indented when the amount is entered. Do not indent manually.$)$

Date

Account Titles and Explanation

Debit

Credit

$($b$)$

Prepare the entry to record the dishonor of the note, assuming that Blossom Company expects collection will occur. $($List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.$)$

Date

Account Titles and Explanation

Debit

Credit

$($c$)$

Prepare the entry to record the dishonor of the note, assuming that Blossom Company does not expect collection in the future. $($List debit entry before credit entry. Credit account titles are automatically indented when the amount is entered. Do not indent manually.$)$

Date

Account Titles and Explanation

Debit

Credit