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Question 3 (8 Marks) On August 1, 2019, Yellow Company Ltd. loaned $15,000 on a one year (due August 1, 2020), 5% note to ABC

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Question 3 (8 Marks) On August 1, 2019, Yellow Company Ltd. loaned $15,000 on a one year (due August 1, 2020), 5% note to ABC Corp. Yellow Company's year end is December 31. Required Using the template below, prepare the journal entries for Yellow Company to recognize the note, interest accrual and payment of the note from ABC Corp. Explanations are not required. DATE ACCOUNT DEBIT CREDIT

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