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Nov 1, 2019. Tom Retailer sold on account merchandises to Customer A valued at $150,500, credit...

Nov 1, 2019. Tom Retailer sold on account merchandises to Customer A valued at $150,500,
credit terms 2/10,n/30.
Feb 1, 2020. Customer A, converted its accounts receivable into a notes receivable by signing a promissory
note with a 12% annual interet rate for 7 months.
Sep 1, 2020. Settlement date
Prepare the September 1, 2020 Journal entry in Tom Retailer's books.
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