Probilem I: does not hare an accounting effect [uve Soies flewenue account for all revenue] Froblem 3 Transaction: anvary 2,2023 lueued \$so, 000 of Common Sock in exchanet for Cash. Ianuary 15, 2023 Anceived a promisary note from Smith \& sons is eachance for $1.500 can the note carnas a 12% intereat rate. Frocipal and interest are doe in 60 dan: Recelved payment from Smath k Sons tor the printepal aod interest on note recelved banuary 15 Loti25, 2023 Riectived a prombsory note from 2 . Plambire in eachance for $3.500 in 90 dark. Received soyment from ix Mumbine for principul and interest on note tecilved Acril 25 $2,900 cash. The note carnet a 6K interest rate. Princloul and imterest are due in 60 dav. incinatie. Received payment from Santa's Uusle Melpes for princiod and intereit os note receved December 31,2023