On November 30, 2021, Gator Distributors converted an accounts
receivable to a $300,000, 12% note due on May 31, 2022. Gator closes
quarterly on December 31 and March 31.
Prepare the journal entries for Gator on November 30, December 31,
March 31 and May 31 when the amount due is paid in full. Assume each
month has 30 days and a 360 day year. You may use abbreviations.
SHOW YOUR WORK.