Please correct me if i did part A wrong and help with part B. Thank you in advance!

III. Glacier Valley - Interest-bearing and Non-interest-bearing Notes (Total 10 points) Part A: Glacier Valley Inc. sold merchandise and obtained a $15,000 note receivable from Steve Singleton on August 1, 2018. This is a 4-month non-interest-bearing note due on November 30, 2018. Even though the company will not charge any explicit interest, it still takes into account the implicit interest rate, which is 10%. Assume Glacier Valley holds the note to maturity. Requirement: Prepare the journal entries required on August 1, 2018 (the initiation date) and on November 30, 2018 (the maturity day) (4 points). August 1, 2018: Note Receivable A/C Dr $14,516 (To) Sales Cr $14,516 November 30, 2018: Note receivable Alc (To) Interest Income Cash A/C (To) Note Receivable Dr $484 Cr $484 Dr $15,000 Cr $15,000 | Part B: Glacier Valley Inc. obtained a $15,000 note receivable from Ron Smith on January 1, 2018. This is a 6-month interest-bearing note, along with interest at 10% and due on June 30, 2018. After two months, Glacier Valley transferred the note to Chase Bank on March 1, 2018. The bank's annual discount rate is 12% Requirement: Prepare the journal entries required on March 1, 2018 to record (a) the accrued interests and (b) the transfer of the note for Glacier Valley (6 points). Hint - Calculation of the selling price of the note: Principle: 15,000 Total Interest: + 750 (15,000*10%*6/12) Total Cash to be Collected on July 1: 15,750 Discount Rate: x 4% (12%*4/12) Discount: (630) Price of the Note on March 1: 15.120 Journal Entries on March 1, 2018