Problem 10-5A Hussein Hage has just approached a venture capitalist for financing for his new restaurant, Bistro Sally. The lender is willing to loan Bistro Sally Inc. $130,000 at a high-risk interest rate of 9%. The loan is payable over three years in fixed principal payments each quarter of $10,833, plus interest. Hussein signed a note payable and received the loan on April 30, 2018. He made the first payment on July 31. The company's year end is October 31. Period Cash Payment Interest Expense Principal Reduction Balance Apr. 30, 2018 July 31, 2018 Oct. 31, 2018 Jan. 31, 2019 Apr. 30, 2019 July 31, 2019 Oct. 31, 2019 Jan. 31, 2020 Apr. 30, 2020 July 31, 2020 Oct. 31, 2020 Jan. 31, 2021 Apr. 30, 2021 Record the receipt of the loan on April 30. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation 2018 Apr. 30 Record the first two instalment payments, on July 31 and October 31. (Round answers to the nearest whole dollar, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation 2018 July 31 Oct. 31 Show the statement of financial position presentation of the note payable at October 31, 2018. (Round answers to the nearest whole dollar, e.g. 5,275.) BISTRO SALLY INC. Statement of Financial Position (Partial)