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HULLER PRINTER VERSION * BACK Exercise 8-15 On May 2, Concord Corporation lends $63,200 to Chang, Inc., issuing a 6-month, 6% note. At the maturity

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HULLER PRINTER VERSION * BACK Exercise 8-15 On May 2, Concord Corporation lends $63,200 to Chang, Inc., issuing a 6-month, 6% note. At the maturity date, November 2, Chang indicates that it cannot pay. (a) Prepare the entry to record the issuance of the note. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit May 2 (b) Prepare the entry to record the dishonor of the note, assuming that Concord Corporation expects collection will occur. (Credit account titles are automatically Indente when amount is entered. Do not Indent manually.) Date Account Titles and Explanation Debit Credit Nov. 2 CALCULATOR FULL SCREEN PRINTER VERSION Nov. 2 BACK (c) Prepare the entry to record the dishonor of the note, assuming that Concord Corporation does not expect collection in the future. (Credit account titles are automatically Indented when amount is entered. Do not Indent manually.) Date Account Tities and Explanation Nov. 2 Debit Credit M

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