Can you please assist me with numbers 1-4 and letters a&b?

Exercise 7.14 On August 1 year 1, Hampton Construction received a 9 percent, six-month note receivable from Dusty Roads, one of Hampton Construction's problem credit customers. Roads had owed $ 43,200 on an outstanding account receivable. The note receivable was taken in settlement of this amount Assume that Hampton Construction makes adjusting entries for accrued interest revenue once each year on December 31 1. Record the receipt of the note on August 1 in settlement of the account receivable 2. Record accrued interest at December 31, 2011 3. Assume that Dusty Roads pays the note plus accrued interest in full. Record the collection of the principal and interest on January 31, year 2. 4. Assume that Dusty Roads did not make the necessary principal and interest payment on January 31. year 2. Rather, assume that he defaulted on his obligation Record the default on January 31, year 2 a Joumalize the following four events on the books of Hampton Construction D. Indicate the effects of the four transactions joumalized in part a on the elements of the financial statement shown below. Use the code for increase, D for decrease and NE for no effect & Edit & Create Exercise 734 Notes and Interest (LO7.7) On August 1 year Hampton Construction received a perces - monomerecevable to Duty Boos t Construction problem credit customers. Roadshadowed 3200 g r Themen kennement of this amount. Assume that Hampton Constructiones gentes for scre e t rever cach yet on December 31 1. Record the receipt of the note on Augustin sedement of the contrable 2. Record ccrued treat December 31 year 2. Assume that Dusty Roads pays the note plus accruede acord the collection of the principaland o 31. year 2 4. Assume that Dusty Roads did not make the necessary principal and interest payment on January 2 whet dee d on his obligation Record the default on January 31 year 2 Journie the bovefour events on the book of Hampton Constan Indicate the effects of each of the four sconomized in parte on the home Use the cod ers for increase for decrease and Eformet of the S c h obe this on by entering o n the Journal entry workshe Photos Photos Photos Photos Photos Photos