Question: Problem 8-14A Short-term notes receivable LO4 Seerden Servicing monitors its accounts receivable carefully. A review determined that a customer, John Daley, was unable to pay

 Problem 8-14A Short-term notes receivable LO4 Seerden Servicing monitors its accounts
receivable carefully. A review determined that a customer, John Daley, was unable

Problem 8-14A Short-term notes receivable LO4 Seerden Servicing monitors its accounts receivable carefully. A review determined that a customer, John Daley, was unable to pay his $60,000 past-due account. Seerden accepted a 90-day promissory note dated April 15, 2020, bearing interest of 5% in exchange for Daley's account Another customer, ABC Drilling, signed a 4.75%, six-month note dated May 1 in place of its $40,000 past-due accounts receivable. On May 31, Seerden's year-end, accrued interest was recorded on the notes receivable, John Daley honoured his note on the maturity date. ABC Drilling dishonoured its note on the maturity date. On November 15, Seerden Servicing wrote off ABC Drilling's account as it was determined to be uncollectible Required: Prepare Seerden Servicing's entries for each of the following dates: (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 2 decimal places.) a. April 15, 2020 b. May 1, 2020 c. May 31, 2020 d. Maturity date of John Daley's note e. Maturity date of ABC Driling's note 1. November 15, 2020 View transaction et Journal entry worksheet Record acceptance of a 5%, 90-day note. Enter detits blure credits 3. April 15, 2020 5. May 1, 2020 E. May 31, 2020 d. Maturity date of John Daley's note e. Maturity date of ABC Drilling's note f. November 15, 2020 View transaction list Journal entry worksheet 1 2 3 5 5 6 Record acceptance of a 5%, 90-day note. Note: Enter debits before credits. Transaction Debit Credit a General tournal Notes receivable-John Daley Accounts receivable-John Daley Record entry Clear entry View general Journal

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