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Teatree Products permils its customers to deler payment by giving personal notes instead of cash. All the notes bear interest and require the customer to

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Teatree Products permils its customers to deler payment by giving personal notes instead of cash. All the notes bear interest and require the customer to pay the entre note in a single payment 6 months after issuance. Consudet the following transactions, which describe Teatree's experience wh two such notes: a On October 31, Teatree accepts a 5 -month, 8% note from Customer A in lieu of a 57,800 cash payment for services provided that day. b. On February 28 , Teatree accepts a 6 month, $3,200,9% note from Customer B in lieu of a $3,200 cash payment for services provided on that day. c. On March 31, Customer A pays the entire note pais interest in cash d. On August 31, Customer B pays the entre note plus interest in cash Required: Prepare the necessary joumal and adjusting enfries required to recond Thansactions a through din Featree's roconds

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