Question: Question 19 --13 View Policies Current Attempt in Progress On May 2, Skysong, Inc. lends $52,800 to Chang, Inc., issuing a 6-month, 10% note. At

 Question 19 --13 View Policies Current Attempt in Progress On May
2, Skysong, Inc. lends $52,800 to Chang, Inc., issuing a 6-month, 10%

Question 19 --13 View Policies Current Attempt in Progress On May 2, Skysong, Inc. lends $52,800 to Chang, Inc., issuing a 6-month, 10% note. At the maturity date, November 2. Chang indicates that it cannot pay. Prepare the entry to record the issuance of the note. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit May 2 pport Prepare the entry to record the dishonor of the note, assuming that Skysong, Inc. expects collection will occur. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Debit Credit Date Account Titles and Explanation Nov. 2 Prepare the entry to record the dishonor of the note, assuming that Skysong, Inc. does not expect collection in the future. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Nov. 2 Debit Credit e Textbook and Media

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