A.

Please use the interest rate between 7%-9%.

Prepare the origination, accrual and settlement journal entries for JackJoe, Inc (5 points) and Lizzie Inc. (5 points), 6 entries in total, assuming the note is paid on time: On December 1, 20x5, JackJoe, Inc. received an X% (select an interest rate between 7% and 9%), 90 day, note receivable from Lizzie, Inc. This note was issued in settlement of a $100,000 outstanding account receivable. Test 2: Question 3 Criteria Ratings Pts Jack Joe Inc. journal entries 5 pts Lizzie Inc journal entries 5 pts Total Points: 10