Exercise 4-15 (Algo) Notes receivable-interest accrual and collection LO 6, 7 On April 1, 2019, Tabor Co. received an $8,000 note from a customer in settlement of an $8,000 account receivable from that customer. The note bore interest at the rate of 14% per annum, and the note plus interest was payable March 31, 2020. Required: Use the horizontal model to show the effects (+ for addition and - for subtraction) of each of these transactions and adjustments: a. Receipt of the note on April 1, 2019. b. The accrual of interest at December 31, 2019. c. The collection of the note and interest on March 31, 2020. Transaction Type of financial statement Accounts Amount a. b. C.