Braddock Inc. had the following long-term receivable account balances at December 31, 2016. Note receivable from sale of division $1,500,000 Note receivable from officer 400,000 Transactions during 2017 and other information relating to Braddock's long-term receivables were as follows. 1. The $1,500,000 note receivable is dated May 1, 2016, bears interest at 9%, and represents the balance of the consideration received from the sale of Braddock's electronics division to New York Company. Principal payments of $500,000 plus appropriate interest are due on May 1, 2017, 2018, and 2019. The first principal and interest payment was made on May 1, 2017. Collection of the note installments is reasonably assured.at December 31, 2016. Note receivable from sale of division $1,500,000 Note receivable from officer 400,000 Transactions during 2017 and other information relating to Braddock's long-term receivables were as follows. 1. The $1,500,000 note receivable is dated May 1, 2016, bears interest at 9%, and represents the balance of the consideration received from the sale of Braddock's electronics division to New York Company. Principal payments of $500,000 plus appropriate interest are due on May 1, 2017, 2018, and 2019. The first principal and interest payment was made on May 1, 2017. Collection of the note installments is reasonably assured.

REQUIRED: Prepare all journal enries related to this note for 2016 and 2017. for the journal entry to record the note issuance credit "miscellaneous accounts".enries related to this note for 2016 and 2017. for the journal entry to record the note issuance credit "miscellaneous accounts".