(a) Parks Company receives a s10,000, 3-month, 8% promissory note from Todd Company in receiving of an open accounts receivable. What entry will Parks Company make upon the note? (b) On January 15, 2017, Raymond Company received a two-month, 9%, S5,000 note from William Pentel for the settlement of his open account. The entry by Raymond Company on March 15, 2017 if Pentel dishonors the note and collection is expected is: