Prepare the following journal entries

Mona wrote a $7,500, four month, 15% promissorty note dated May 1, to settle a open account. Prepare the entry that Monawould makes for the receipt of the note.

On September 1, prepare the journal entry if Mona receives the payment of the note, at payment date. (Honor of a note receivable)

If on September 1, Mona does not receives the payment of the note, at payment date. (Dishonor of a note receivable)