Question 4 Blue Company has the following transactions related to notes receivable during the last month of 2020. Dec. 1 Loaned $20,000 cash to Rama on a 1-year, 10% note. 20 Sold goods to Lana, receiving a $10,000, 30-day, 8% note. Instructions Journalize the transactions for Blue Company. &&&&&&&&&&&&&&&&&&&&&&&&& &&&&&&& Question 5 Arab Company accepts from Tamer Company a $6,000, 90-day, 8% note dated May 20 in settlement of Tamer's overdue account. a. What is the maturity date of the note? b. What does Arab make at the maturity date, assuming Tamer pays the note and interest in full at that time? &&&&&&&&& &&&&&&&&&&& &&&&&&&&&&&& Question 6: In 2020, Sasa Company has net credit sales of $80,000 for the year. It had a beginning accounts receivable (net) balance of 535,500 and an ending accounts receivable (net) balance of $44,500 Compute Sasa Company's (a) accounts receivable turnover and (b) average collection period in days