Problem 8-7A On November 1, 2018, Macearon Inc accepted a three-month, 9%, $ 52,800 note from H55 Inc in settlement of its sccount. Interest is due on the first dey of each month, starting December 1. Both compenies year ends are December 31 Prepare all iournal entries for Macaron over the term of the note, Assume that the note is collected in ful titles and enter 0 for the anounts automatically indented when amount is entered, Do not indent manually, If no entry is required, select "No Entry" for the account n the maturity date, (Credit account titles a Account Titles and Explanation Debit Credit Date ll journal entries for H55 over the term of the note. Assume that the note is paid in full on the maturity date. (Credit account titles are automatically indented when amount is en tered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and Prepare enter 0 for the amounts.) Account Ttles and Explanation Debit Credi Date Feb. 1, 2019 PACCOUNTS LUNK TO TEET Assume that, instead of honouring the note at maturity, H55 dishonours it. Prepare t (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry necessary jourmal entry on Macaron's books at the maturity date, February 1, 2019, assuming that eventual collection of the note is (1) expected, and (2) not expected. Interest was last paid by H55 on January 1. required, select "No Entry" for the account titles and enter o for the amounts.) No Date Acoount Titles and Explanation Debit Credr () Feb To record dishenoured note- eventual collection expectedy (2) Feb. 1 Ta recoud dishenoured nrte ventual collection not eapected) ACCOUNTS SHOW LIST