Exercise 8-15 On May 2, Sheffield Corp. lends $86,200 to Chang, Inc., issuing a 6-month, 8% note. At the maturity date, November 2, Chang indicates that it cannot pay Prepare the entry to record the issuance of the note. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit May 2 Prepare the entry to record the dishonor of the note, assuming that Sheffield Corp. 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