Vermillion Inc. had the following transactions during 2022 . Vermillion Inc. has a calendar year end and does not maintain a separate Allowance for Doubtful Notes Receivable account. Jan. 1 An employee signed a 6-month, 4\% note due June 30 for a $18,200 company loan. Feb. 1 One of Vermillion's customers, Sarson Inc. who owed $6,600 settled their account by signing a three-month, 4% note. Mar. 31 Recorded accrued interest on all notes in preparation for issuance of quarterly financial statements. Apr. 30 Sarson Inc. defaulted on its note. It is unlikely that Sarson will be able to pay the account. June 30 The employee paid her note in full along with all outstanding interest. Prepare the appropriate journal entries. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Cobden Inc. borrowed money from Scotiabank, signing a promissory note. Which company is the maker of the note? The payee? Which company would record a note receivable? A note payable