On November 1, 2021, Penny Worth Inc. accepted a three-month, 8%, $61,200 note from Cato Inc. in settlement of its account. Interest is due on the first day of each month, starting December 1. Both companies' year ends are December 31. (a) Your answer is correct. Prepare all journal entries for Penny Worth over the term of the note. Assume that the note is collected in full on the maturity date. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) ate Account Titles and Explanation 2021 Notes Receivable Accounts Receivable MI Debit Credit 61200 61200 4C Clear