Richetti Corporation adjusts its books monthly. On September 30, 2018, notes receivable include the following: Issue Date Maker Mar. 31, 2018 RES Inc. May 31, 2018 Thara Ltd. Aug. 31, 2018 Dragon Limited Sept. 30, 2018 MGH Corp. Principal Interest $19,600 5% 20,800 3% 6,300 8% 21,300 6% Term 7 months 18 months 2 months 16 months Interest is due at maturity for the RES and Dragon notes. Interest is due on the first day of the month for the Thara and MGH notes. At September 30, the balance in the Allowance for Doubtful Notes account is nil in October, the following selected transactions were completed. Oct. 1 Received the interest due from Ihara. 31 Received notice that Dragon was unable to pay its note as scheduled. It expects to be able to pay in the future. 31 The RES note matured and was received in full. 31 Accrued interest on the Ihara and MGH notes 31 Analyzed the remaining notes for collectibility. Estimated that $20,800 of notes may not be collectible in the future because of significant labour issues currently being experienced by Ihara. Your answer is partially correct. Show the statement of financial position presentation of the receivables accounts at October 31. (Round answers to decimal places, e.g. 5,275.) RICHETTI CORPORATION Statement of Financial Position (partial) October 31, 2018 Assets Current Assets Notes Receivable 42100 Less Allowance for Doubtful Notes 20800 $ 21300 Interest Receivable 160 Non-Current Assets Accounts Receivable 6384 e Textbook and Media Assistance Used e Textbook 1 eTextbook 2 eTextbook 3 List of Accounts Assistance Used E Your answer is partially correct. (1) Prepare Taccounts for the Interest Receivable, Notes Receivable, and Allowance for Doubtful Notes accounts.(2) enter the opening balances, (3) post the entries recorded above, and (4) determine the ending balances. (Post entries in the order of journal entries presented in the previous part. Round answers to decimal places, e.g. 5,275.) Interest Receivable Bal. 584 Oct. 1 52 42 Oct. 31 160 Oct. 31 Oct. 31 490 Bal. 160 Notes Receivable Bal. 68000 Oct. 31 6300 Oct. 31 19600 Bal. 42100 Allowance for Doubtful Notes 0 Bal. Oct. 31 20800 Bal. 20800 Assistance Used e Textbook and Media