Question 7 (10 marks, 18 minutes) On April 1, 2020, Coach Spirits Inc. sold $18,000 of merchandise costing $5,400 to a customer by accepting a 7%, five-month note in payment. The company uses a perpetual inventory system. The company has a July 31 year-end and records adjusting journal entries annually. Interest is due at maturity. a) Record the appropriate journal entry (ies), if any, that Coach will record for the sale on April 1, 2020. (2.5 marks) Account Name Debit Credit Marks Date April 1, 2020 b) Record the appropriate journal entry, if any, that the company will make on July 31, 2020 (Coach's year-end). (2 marks) Account Name Debit Credit Marks Date July 1, 2020 Question 7 (continued) c) Record the appropriate journal entry that the company will make on September 1, 2020 when the note matures, assuming that Coach collected the note in full. (2.5 marks) Account Name Debit Credit Marks Date Sept 1, 2020 d) Discuss how the journal entry when the note matures on September 1, 2020 would change if the customer dishonours the