Current Attempt in Progress

These transactions took place for Crane Co$.$

$2024$

May $1$ Received a $$4,500,12-$month, $8\%$ note in exchange for an outstanding account receivable from R$.$ Stoney.

Dec. $31$ Accrued interest revenue on the R$.$ Stoney note.

$2025$

May $1$ Received principal plus interest on the R$.$ Stoney note. $($No interest has been accrued since December $31,2024.)$

Record the transactions in the general journal. The company does not make entries to accrue interest except at December $31.($List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Date

Account Titles and Explanation

Debit

Credit