PLEASE ANSWER ALL

OPTIONS ARE

ACCOUNTS PAYABLE

CASH

INTEREST EXPENSE

INTEREST RECEIVABLE

UNEARNED SALES REVENUE

OPTIONS HERE BELOW ARE:

CASH

INTEREST RECIEVABLE

NOTES PAYABLE

NOTES RECEIVABLE

SALES REVENUE

Accounting for Notes Receivable Yarnell Electronics sells computer systems to small businesses. Yarnell engaged in the following activities involving notes receivable: a. On September 1, Yarnell sold a \$5,000 system to Ross Company. Ross gave Yarnell a 6-month, 11\% note as payment. b. On December 1, Yarnell sold an \$8,200 system to Searfoss Inc. Searfoss gave a 9-month, 10\% note as payment. c. On March 1, On March 1, Ross paid the amount due on its note. d. On September 1, Searfoss paid the amount due on its note. Required: Prepare the necessary journal and adjusting entries for Yarnell Electronics to record these transactions. If an amount box does not require an entry, leave it blank. If required, round your answers to two decimal places. (Record collection of note receivable) Note from Searfoss Inc.: If an amount box does not require an entry, leave it blank. If required, round your answers to two decimal places