Question 19 of 21 -/3 View Policies Current Attempt in Progress On May 2. Pharoah Company lends $26,800 to Chang, Inc., issuing a 6-month, 12% note. At the maturity date, November 2. Chang indicates that it cannot pay. (a) Prepare the entry to record the issuance of the note. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date May 2 I Prepare the entry to record the dishonor of the note, assuming that Pharoah Company expects collection will occur. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Nov. 2 (c) Prepare the entry to record the dishonor of the note, assuming that Pharoah Company does not expect collection in the future. (Credit account titles are automatically Indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Nov. 2 Debit Credit