thinkwell | student area X Q econ chapter 2 Flashcards | x C Employee Website | Costco x W AW-Ch08 X WAS Assessment Player Too x * Course Hero assessment.education.wiley.com/was-assessment-player/products/2068fb76-416c-4861-addd-ffe7de7155cb/assessments/231bbe47-1d1f-4156-838b-6d15d4cadc3a/question.. G + Question 19 -/3 View Policies Current Attempt in Progress On May 2, Sheffield Corp. lends $86,200 to Chang, Inc., issuing a 6-month, 8% note. At the maturity date, November 2, Chang indicates that it cannot pay. (a) 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 (b) Prepare the entry to record the dishonor of the note, assuming that Sheffield Corp. expects collection will occur. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Nov. 2 (c) Prepare the entry to record the dishonor of the note, assuming that Sheffield Corp. does not expect collection in the future. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)thinkwell | student area X Q econ chapter 2 Flashcards | x C Employee Website | Costco x W AW-Ch08 X WAS Assessment Player Too x * Course Hero C assessment.education.wiley.com/was-assessment-player/products/2068fb76-416c-4861-addd-ffe7de7155cb/assessments/231bbe47-1d1f-4156-838b-6d15d4cadc3a/question.. G + (b) Prepare the entry to record the dishonor of the note, assuming that Sheffield Corp. expects collection will occur. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Nov. 2 (c) Prepare the entry to record the dishonor of the note, assuming that Sheffield Corp. 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 Debit Credit Nov. 2 eTextbook and Media List of Accounts Save for Later Attempts: unlimited Submit Answer Your grade has been recorded in the Gradebook. Tue, Apr 28, 2020, 11:10:18 AM (America/Los Angeles -07:00)