Accounting ch17

These transactions took place for Skysong, Inc. 2016 May 1 Dec. 31 2017 May 1 Received a $3,300, 12-month, 7% note in exchange for an outstanding account receivable from R. Stoney. Accrued interest revenue on the R. Stoney note. Received principal plus interest on the R. Stoney note. (No interest has been accrued since December 31, 2016.) Record the transactions in the general journal. The company does not make entries to accrue interest except at December 31.( when amount Is entered. Do not Indent manually, Record Journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit LINK TO TEXT