airway Equipment failed to pay Invoice $295$ dated $5/27/27$ and has asked for additional time. Golf

Supply, Inc. has offered a $16\%,$ one$-$month note, due $6/26/27.$ The note will be used to clear the invoice.

Create a new asset account: $11110$ Notes Receivable:Fairway Equipment.

Create a new Service item: Account Conversion$-$Fairway using the account created above.

Prepare a credit memo $($CM$295)$ and apply it to Invoice $295$ for Fairway Equipment