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* Question 13 Cullumber Company accepts a $25,200, four-month, 8% note receivable in settlement of an account receivable on June 1, 2021. Interest is to be paid at maturity. Cullumber Company has a December 31 year end and adjusts its accounts annually. (Note: Lee Company uses only one allowance account for both accounts and notes receivable.) * Question 13 your answer is correct. Record (1) the issue of the note on June 1 and (2) the settlement of the note on October 1, assuming the note is honoured. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Record journal entries in the order presented in the problem.) Dule Account Titles and Explanati Debit Credih Dune Notes Receivable 125200 25200 TAccounts Receivable (Accept note for accounts receivable) Oct. Cash Notes Receivable 185200 59672 Interest Revenue (To record collection of note receivable and interest.) Attempts 7 of 15 used * Question 13 Your answer is correct. Assume instead that the note is dishonoured but eventual collection is expected. Record the October 1 journal entry. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Debit C Date Access Titles and Explanation Oct. Accounts Receivable 25872 Notes Receivable 25200 Interest Revenue (To record dishonouring of note where collection is expected.)