Exercise $5\mathrm{.}15($Static$)$ Record notes receivable and interest revenue $($LOS$-7)$

On March $1.$ Temell $5$ Aswoclates provides legul services to Whole Grain fakery regaiding some recent food polioning complaints Legul services total $$11000.$ in payment for the services. Whole Graln Rak ery sigri a $9$ sis note requiring the payment of the face anount and interest to lerrel & Associmes on September t$.$

Reepired:

Required. For Ferrelt A Awociates, record the acceptance of the note recelwable on Mych $1$ and the cash collection on Septetiber $1$ of no wwery

$2$