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Prepare the entry to record the dishonor of the note, assuming that Sunland Company expects collection will occur. (Credit account tities are automatically indented when

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Prepare the entry to record the dishonor of the note, assuming that Sunland Company expects collection will occur. (Credit account tities are automatically indented when amount is entered. Do not indent manually.) Prepare the entry to record the dishonor of the note, instead assuming that Sunland Company does not expect collection in the future. (Credit account titles are outomatically indented when amount is entered. Do not indent manually) On May 2, Sunland Company lends $11,400 to Chang, Inc, issuing a 6 -month, 8% note. At the November 2 , maturity date, Chang indicates that it cannot pay, Parts b and c are 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 manuallys

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