| Additional Problem 5 In an effort to raise some cash for operating activities, Culver Corporation approached Pronghom Ltd. and asked to borrow $110,000 (the Presidents of Culver and Pronghorn were cousins). Pronghorn agreed to loan $110,000 to Culver for three months at 6% interest. On August 1, Culer signed a promissory note for the amount, promising to repay the fundsplus interest on November 1 Prepare all the journal entries on the books of Pronghorn to record the note receivable, assuming that Pronghom's fiscal year-end is September 3D and repayment of the note receivable plus interest occurs on November 1. (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 tities and enter 0 for the amounts. Record fournal entries in the order presented in the problem.) Debit Credit August 1 Notes Receivable Cash September 30Notes Receivable Interest Income October 31 Notes Receivable 5096. Navember 1 Interest Income Notes Receivable