Bieber Company had the following select transactions.

May. 1, 2014		Accepted Crane Companys 12-month, 16% note in settlement of a $31,800 account receivable.
July 1, 2014		Loaned $40,800 cash to Sam Howard on a 9-month, 14% note.
Dec. 31, 2014		Accrued interest on all notes receivable.
Apr. 1, 2015		Sam Howard dishonored its note; Bieber expects it will eventually collect.
May. 1, 2015		Received principal plus interest on the Crane note.

Prepare journal entries to record the transactions. Bieber prepares adjusting entries once a year on December 31. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.)