Q3. Prepare journal entries to record the following transactions entered into by Philadelphia Company: (6 marks) 2013 June 1 Received a $30,000, 8%, 1-year note from Ann Duff as full payment on her account. Nov. 1 Sold merchandise on account to Malone, Inc. for $18,000, terms 2/10, n/30. Nov. 5 Malone, Inc. returned merchandise worth $500. Nov. 9 Received payment in full from Malone, Inc. Dec.31 Accrued interest on Duff's note. 2014 June 1 Ann Duff honored her promissory note by sending the face amount plus interest. No interest has been accrued in 2014