Current Attempt in Progress Waterway Family Importers sold goods to Tung Decorators for $41,400 on November 1, 2025, accepting Tung's $41,400, 6-month, 5% note. Prepare Waterway's November 1 entry, December 31 annual adjusting entry, and May 1 entry for the collection of the note and interest. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem Date 11 125 V 12/31/25 51/26 V Account Titles and Explanation Notes Receivable Sales Revenue Interest Receivable 11 Notes Receivable Interest Receivable Interest Income Debit 41400 Credit 41400

Watenway Family Importers sold goods to Tung Decorators for $41,400 on November 1,2025 , accepting Tung's $41,400,6month,5$ note. Prepare Waterway's November 1 entry, December 31 annual adjusting entry, and May 1 entry for the collection of the noteand in terest: of no entry is required, select "No Entry" for the account tities and enter ofor the amounds. Credit account tities are outanatically indented when the omount is entered Do not indent manually. List all debit entries before credit entries Record fournal entries in the order presented in the problem)