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In an effort to raise some cash for operating activities, Ayayai Corporation approached Whispering Winds Ltd. and asked to borrow $101,000 (the Presidents of Ayayai and Whispering Winds were cousins). Whispering Winds agreed to loan $101,000 to Ayayai for three months at 6% interest. On August 1, Ayayai signed a promissory note for the amount, promising to repay the funds plus interest on November 1.

Prepare all the journal entries on the books of Whispering Winds to record the note receivable, assuming that Whispering Windss fiscal year-end is September 30 and repayment of the note receivable plus interest occurs on November 1. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)

Current Attempt in Progress In an effort to raise some cash for operating activities, Ayayal Corporation approached Whispering Winds Ltd, and asked to borrow $101.000 (the Presidents of Ayayai and Whispering Winds were cousins). Whispering Winds agreed to loan $101,000 to Ayayai for three months at 6% interest. On August 1. Ayayai signed a promissory note for the amount, promising to repay the funds plus interest on November 1 Prepare all the journal entries on the books of Whispering Winds to record the note receivable, assuming that Whispering Winds's fiscal year-end is September 30 and repayment of the note receivable plus interest occurs on November 1. (Credit account titles are automatically indented when 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.) Date Account Titles and Explanation Debit Credit (To record the note) ID (To record interest through year end) Date Account Titles and Explanation Debit Credit To record the note) (To record interest through year end) (To record interest through October) To record repayment of the note)

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