Question: Solve Please thank you led Assignment #20 Seerden Servicing monitors its accounts receivable carefully. A review determined that a customer. John Daley was unable to

Solve Please thank you

led Assignment #20 Seerden Servicing monitors its accounts receivable carefully. A review determined that a customer. John Daley was unable to pay his $130,000 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% sox-month note dated May 1 in place of its $50,000 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) April 15, 2020 b. May 1, 2020

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