Please provide answers on excel templates

1. Please provide journal entries for the following transactions related to Notes Receivable for XYZ Co. The company records an adjusting journal entry for accrued Interest Revenue once a year at 12/31. 2/1 Provided $7,500 of service to ACo, and accepted a 6 month 5% note. 3/1 Loaned Employee T $2,500 and accepted a 3 month 4% note. 6/1 Note from Employee T matured, they honor the note (we collect). 8/1 The note from A Co. matured today, they default. 10/1 Provided $5,000 of service to BCo,(2/10,n/30). 11/1 Accepted 3 month 3% note from B Co. (roll over A/R to N/R). 12/1 Loaned Employee Z $3,000 and accepted a 4 month 6% note. 12/31 Accrue interest revenue from Z,B, and A. Next Year 2/1 Note from B Co. matures today, they honor the note (we collect). 3/15 Collect from A Co. 4/1 Note from Employee Z matures today, they honor the note (we collect). 2. (a) Please prepare the depreciation schedules under both the Straight-Line and Double Declining Balance methods of depreciation based on the following: Purchased a machine at a cost of $33,500 on 1/1/1 (first year in business). The machine has an estimated salvage value of $1,500 and an 8 -year useful life. (b) In a couple of sentences, please explain why most companies prefer to use Double Declining Balance method as opposed to the Straight-Line method of depreciation