First Place Running Shoes reports the following: 2016 Jan. 4 Recorded credit card sales of $91,000, net of processor fee of 3%. Ignore Cost of Goods Sold. Sep. 1 Loaned $12,000 to Jean Porter, an executive with the company, on a one-year, 8% note. Dec. 31 Accrued interest revenue on the Porter note. 2017 Sep. 1 Collected the maturity value of the Porter note. Journalize all entries required for First Place Running Shoes. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Jan. 4, 2016: Recorded credit card sales of $91,000, net of processor fee of 3%. Ignore Cost of Goods Sold. (Prepare a single compound journal entry.) Date Accounts and Explanation Debit Credit 2016 Jan. 4