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QUESTION #2 [7 Marks) Record the following transactions in general Journal form for Alkaline Company for 2020: Jul Received a $5,000, 3-month, 5% note (All

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QUESTION #2 [7 Marks) Record the following transactions in general Journal form for Alkaline Company for 2020: Jul Received a $5,000, 3-month, 5% note (All interest is paid at maturity) from Janet Schmitz for the settlement of her Accounts Receivable. 1 Sep 30 Received notification from Janet Schmitz that she was unable to honour her note at this time. It is expected that Schmitz will pay at a later date. Received full payment from Janet Schmitz for the note previously dishonoured on September 30. No additional interest was charged from September 30 to November 15. Nov 15 Date Accounts Debit Credit

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