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this is one question and need to do some journal enteries by reading the statement above in the pictures.. Question 2 of 2 - /

this is one question and need to do some journal enteries by reading the statement above in the pictures.. image text in transcribed
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Question 2 of 2 - / 1 Ini Current Attempt in Progress Carla Vista Company accepts a $25,200, four-month, 9% note receivable in settlement of an account receivable on June 1, 2021. Interest is to be paid at maturity. Carla Vista Company has a December 31 year end and adjusts its accounts annually. (Note: Lee Company uses only one allowance account for both accounts and notes receivable.) Record (1) the issue of the note on June 1 and (2) the settlement of the note on October 1, assuming the note is honoured. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (Accept note for accounts receivable.) (To record collection of note receivable and interest.) e Textbook and Media List of Accounts -player/index.html launchid-906bbc4c-9468-4e78-8600-dc87895c8d86/question/1 Homework Question 2 of 2 - /1 Assume instead that the note is dishonoured but eventual collection is expected. Record the October 1 journal entry. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Debit Credit Date Account Titles and Explanation Oct. 1 (To record dishonouring of note where collection is expected.) e Textbook and Media List of Accounts Question 2 of 2

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