Question: Please help me Problem V - Notes Receivable (15 points) Instructions Prepare journal entries to record the following events: Jul. 1 TL Company accepted a

Please help me Please help me Problem V - Notes Receivable (15 points) Instructions

Problem V - Notes Receivable (15 points) Instructions Prepare journal entries to record the following events: Jul. 1 TL Company accepted a 8%, 4-month, $10,000 note dated July 1 from TH Company for the balance due on TL's account. Jul. 31 TL accrued interest on the above note for the month of July. Oct. 1 Collected TH Company note in full. Assume interest was correctly accrued on August 31 and September 30. Oct. 1 Assume instead that the note is dishonored and that no interest has been accrued. TH Company is expected to eventually pay the amount owed

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