On May 2, Novak Company lends $9.400 to Chang, Inc. issuing a 6-month, 8% note. At the November 2, maturity date. Chang indicates that it cannot pay. Parts and care independent assumptions, (a) Prepare the entry to record the issuance of the note. (Credit account titles are automatically indented when amount is entered. Do not Indent manually) Date Account Titles and Explanation Debit Credit May 2 Prepare the entry to record the dishonor of the note, assuming that Novak Company expects collection will occur. (Credit accou titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Nov. 2 Prepare the entry to record the dishonor of the note, instead assuming that Novak Company does not expect collection in the future. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Nov. 2