Flounder Family Importers sold goods to Tung Decorators for $40,800 on November 1, 2017, accepting Tungs $40,800, 6-month, 6% note. Prepare Flounders 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 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)