FULL SCREEN PRINTER VERSION FLACK NE Exercise 8-8 The following selected transactions for notes receivable are for Acre Limited: May 1 June 30 July 31 Aug. 31 Sept. 30 Oct. 31 Nov. 1 Received a six-month, 5%, $12,000 note on account from Blackstone Limited. Interest is due at maturity. Accrued Interest on the Blackstone note on this date, which is Acre's year end. Lent $10,000 cash to an employee, Noreen Wong, issuing a three-month, 7% note. Interest is due at the end of each month. Received the interest due from Ms. Wong. Received the interest due from Ms. Wong. Received payment in full for the employee note from Ms. Wong, Wrote off the Blackstone note because Blackstone defaulted. Future payment is not expected. Record the above transactions for Acre Limited. (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 titles and enter o for the amounts. Round answers to the nearest whole dollar, e.g. 5,275.) Date Account Titles and Explanation Debit Credit > hent FULL SCREEN DR Date Account Titles and Explanation Debit Credit V > > ent