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ASAP, thumps up directly :) Question 2 Coronado Ltd. had the following select transactions....

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ASAP, thumps up directly :)
Question 2 Coronado Ltd. had the following select transactions. May 1, 2017 Accepted Crane ple's 12-month, 16% note in settlement of a 92,400 account receivable. July 1, 2017 Loaned 101,400 cash to Sam Howard on a 9-month, 14% note. Dec 31, 2017 Accrued interest on all notes receivable. Apr. 1, 2018 Sam Howard dishonored its note; Coronado expects it will eventually collect. May 1, 2018 Received principal plus interest on the Crane note. Prepare journal entries to record the transactions. Coronado prepares adjusting entries once a year on December 31. (Record entries in the order dis statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Credit Date Debit (To record interest accrued on Crane Company's note receivable.) RE (To record interest accrued on Crane Company's note receivable.) (To record interest accrued on Sam Howard's note receivable.) 5/1/17 7/1/17 12/31/17 4/1/18 5/1/18

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