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View Policies Show Attempt History Current Attempt in Progress H55 Limited accepts a three-month, 7%. $36,400 note receivable in settlement of an account receivable on

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View Policies Show Attempt History Current Attempt in Progress H55 Limited accepts a three-month, 7%. $36,400 note receivable in settlement of an account receivable on April 1. 2021. Interest is due at maturity (a) Your answer is partially correct. Prepare the journal entries required by H55 Limited to record the issue of the note on April 1, and the settlement of the note on July 1, assuming the note is honoured and that no interest has previously been accrued. (List all debit entries before credit entries. Credit account titles are automatically Indented when the amount is entered. Do not indent manually. I no entry is required, select "No Entry for the account titles and enter for the amounts.) ite Debit Credit Account Titles and Explanation Notes Receivable 1 16400 Accounts Receivable 36400 Cash 36612 Notes Receivable 36400 Interest Receivable 212 e Textbook and Media Assistance Used List of Accounts Assistance Used

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