Question: Current Attempt in Progress On May 2, Nash Company lends $8,000 to Chang, Inc. issuing a 6-month 6% note. At the November 2 maturity date.

 Current Attempt in Progress On May 2, Nash Company lends $8,000
to Chang, Inc. issuing a 6-month 6% note. At the November 2
maturity date. Chang indicates that it cannot pay. Parts and care independent

Current Attempt in Progress On May 2, Nash Company lends $8,000 to Chang, Inc. issuing a 6-month 6% note. At the November 2 maturity date. Chang indicates that it cannot pay. Parts and care independent assumptions. Prepare the entry to record the issuance of the note (Credit account titles ont automatically indented when amount is entered. Do not Indent manually Date Credit Debit Account Tities and Explanation ME e Textbook and Media Rinto HOP SIM 2 o ana (b) Prepare the entry to record the dishonor of the note, assuming that Nash Company expects collection will occur. (Credit account titles are automatically indented when amount is entered. Do not Indent manually) Date Account Titles and Explanation Debit Credit Nov. 2 e Textbook and Media List of Accounts Question 3 of 5 74 (c) Prepare the entry to record the dishonor of the note, instead assuming that Nash Company does not expect collection in the future. (Credit account titles are automatically indented when cmount is entered. Do not indent manually Debit Credit Date Account Titles and Explanation Nov. 2 e Textbook and Media List of Accounts Attempts: unlimited Sami Awwar 3

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