On July 1, 2020, Sage Hill Inc. made two sales: The customers in the above transactions have credit ratings that require

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On July 1, 2020, Sage Hill Inc. made two sales:
The customers in the above transactions have credit ratings thatrequire them to borrow money at 11% interest. SageHill recently had to pay 8% interest for money itborrowed from British Bank.
The tables in this problem are to be used as a reference for thisproblem.
Prepare the journal entries to record the three notes receivabletransactions of Sage Hill Inc. on July 1,2020. (For calculation purposes, use 5 decimalplaces as displayed in the factor table provided. Round answers to0 decimal places, e.g. 58,971. Credit account titles areautomatically indented when amount is entered. Do not indentmanually. If no entry is required, select "No Entry" for theaccount titles and enter 0 for the amounts.)
No.
Account Titles and Explanation
Debit
Credit
1.
2.
3.