xyz co. prepares adjusting entries @ 12/31 311 Sold $10,000 of merchandise (2/10, 1/30) to 2 o. on acct. 4/1 Accepted a 3 month 6% note forn 2 o. soll loaned employee A $5000 accepted a comenth 87. note. al collected from 2 co. (note matured today) 811 sold & 6000 f merchandise to Mo, acolyt a 3 month lot. note. The note. ili M co.defaults on arli collect from employee A 72/1 Sell & sooo of merchandise to W co. a 3 12/31 accrue interest on W co. and m to. Next 2115 Collect from it.co. collect from w co. 311