RECEIVABLE (10 Marks) Question 16 (10 points) On November 1, 2021, Speedway Inc. accepted a three-month, 10%, $46,800 note from Granger Inc. in settlement of its account. Interest is due on the first day of each month, starting December 1. Both companies' year ends are December 31 Note is paid in full February 1, 2022. Prepare the required journal entries. Nov. 1/21 Dr. "Add Chart of Account Title" Ay Nov. 1/21 Dr. "Amount" A Nov. 1/21 Cr. "Add Chart of Account Title" A Nov. 1/21 Cr. "Amount" Dec. 1/21 Dr. "Add Chart of Account Title" A/ Dec. 1/21 Dr. "Amount" Dec 1/21 Cr. "Add Chart of Account Title" A/ A/ Dec. 1/21 Cr. "Amount" Dec. 31/21 Dr. Add Chart of Account Title" A/ Dec. 31/21 Dr. "Amount" Dec. 31/21 Cr. Add Chart of Account Title" A Dec. 31/21 Cr. "Amount" Jan. 1/22 Dr. "Add Chart of Account Title A/ Dec. 1/21 Cr. "Amount" Dec. 31/21 Dr. "Add Chart of Account Title" A Dec. 31/21 Dr. "Amount" A/ Dec. 31/21 Cr. "Add Chart of Account Title" A/ Dec. 31/21 Cr. "Amount" Jan. 1/22 Dr. "Add Chart of Account Title" A Jan. 1/22 Dr. "Amount" > Jan. 1/22 Cr. "Add Chart of Account Title" A Jan. 1/22 Cr. "Amount" Feb. 1/22 Dr. "Add Chart of Account Title" A Feb. 1/22 Dr. "Amount" AM Feb. 1/22 Cr. "Add Chart of Account Title" A/Feb. 1/22 Cr. Amount Feb. 1/22 Cr. "Add Chart of Account Title" A Feb 1/22 Cr Amount" Page 16 of 20