Recording Journal Entries for Two Notes (Challenging) Warren Corporation had the following transactions in Year 1: 1. On April 1, Warren received a $30,000,10 percent note from a customer in settlement of a $30,000 account receivable. According to the terms, the principal and interest on the note are payable at the end of 12 months on March 31 . 2. On August 1, to meet a cash shortage, Warren obtained a $20,000,12 percent loan from a local bank. The principal and interest on the note are payable at the end of six months on January 31 . Page 212 Required: ioup Company Required: 1. Identify the nature of each of the transactions (a) through (f). Specifically, what activities cause the accounts to increase and decrease? 2. For transactions (a),(c), and (f), compute the amount