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Assume that on the note's maturity date, Sarasota informs Metlock that it is having cash flow problems and can pay Metlock only $\backslash (80\backslash \%\backslash )$ of the note's face value. After extensive discussions with Sarasota's management, Metlock's credit and collections department considers the remaining balance of the note uncollectible. Prepare the entry required on Metlock's books on the note's maturity date. $($For calculation purposes, use $5$ decimal places as displayed in the factor table provided. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.$)$

Account Titles and Explanation

Notes Receivable

Allowance for Doubtful Accounts

eTextbook and Media

List of Accounts

Assistance Used

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