Question: Problem #2 (13 points) Prepare the appropriate journal entries given the following information 1. On July 1 ABC Company sets up aS2,000, 2 month, settle

Problem #2 (13 points) Prepare the appropriate journal entries given the following information 1. On July 1 ABC Company sets up aS2,000, 2 month, settle a past due Accounts Receivable 12% notes receivable to 2. On July 31 the company accrues interest. 3. Assume that the note receivable in honored by the customer on the due date. 4. Assume the note receivable is dishonored on the due date

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