Exercise 8-11 Record the following transactions for Taylor Co. in the general journal. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to the nearest whole dollar, e.g. 5,275.) 2014 May 1 Dec 31 Dec 31 2015 May 1 Received a $18,600, 1-year, 11% note in exchange for Len Monroe's outstanding accounts receivable. Accrued interest on the Monroe note. Closed the interest revenue account. Received principal plus interest on the Monroe note. (No interest has been accrued in 2015.) Date Account Titles and Explanation Debit Credit