YES Itd owes Hope Enterprise $2,500 on an outstanding account 01-Jun he negotiates the signing of a note receivable to settle the account. Hope Enterprise agrees to the note receivable i 0 months 7% per year. Hope Enterprise has a year end 31-Jul a) record the conversion of a the account receivable to a note receivable b) accrue the interest at year end c) record the payment of note receivable on maturity date description DR CR date description DR CR date description DR CR YES Itd owes Hope Enterprise $2,500 on an outstanding account 01-Jun he negotiates the signing of a note receivable to settle the account. Hope Enterprise agrees to the note receivable i 0 months 7% per year. Hope Enterprise has a year end 31-Jul a) record the conversion of a the account receivable to a note receivable b) accrue the interest at year end c) record the payment of note receivable on maturity date description DR CR date description DR CR date description DR CR