Revise your calculations based the new information provided below and then answer the questions that follow. A company lends $342,000 to an owner and accepts a three year, 7% note in return. The note was issued on June 1st of the current year, and will be due on June 1st of the final year of the note. Required information Record the receipt of cash on account of 7% note receivable. Note: Enter debits before credits