(a) record the sale, 4. On May 1, Claus Gordon Builders lends Lightfoot Construction $15,000 for new equipment on a month, 5% note, which Lightfoot pays in full when it comes due. (a) Calculate the amount of interest that Lightfoot will owe, and (b) show the journal entry Claus will make to record receivi the payment and interest. (a) record the sale, 4. On May 1, Claus Gordon Builders lends Lightfoot Construction $15,000 for new equipment on a month, 5% note, which Lightfoot pays in full when it comes due. (a) Calculate the amount of interest that Lightfoot will owe, and (b) show the journal entry Claus will make to record receivi the payment and interest