Prepare journal entries to record the following transactions entered in to by UNION-Comp during the year 2020Sep 1- Received a Br. 10, 000, 12%, 60-day note from YOYO-Co.as full settlement of its open...

Prepare journal entries to record the following transactions entered in to by UNION-Comp during the year 2020Sep 1- Received a Br. 10, 000, 12%, 60-day note from YOYO-Co.as full settlement of its open account.Oct 20- Sold merchandise on account to ADIDAS-Co. for Br. 25,000 by receiving a 90- day, 10% note.