(g) Prepare Journal Entries for Notes Receivable Your answer is partially correct. Try again. Akron Corporation engaged in the following transactions involving promissory notes in 20x1 and 20x2. 20x1 Sept. 1 Sold land to Marge Bailey for $100,000. A 6-month, 9 percent note was received in exchange. Cost of the land was $100,000. Nov. 1 Received a 30-day, non-interest bearing note from Fred Hansen in settlement of his accounts receivable of $1,000 Dec. 1 Fred Hansen dishonored his note issued 30 days earlier Dec. 31 Recorded accrued interest for December only (not September - November) on the note received from Marge Bailey 20x2 Mar. 1 Received payment in full from Marge Bailey. Assume that all interest has already been accrued to the end of February but no cash receipt has been recorded. Journalize these transactions in the journal provided. Explanations are not needed. Akron records adjusting entries monthly. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Debit Credit 20x1 Sep. 1 Notes Receivable 1800000 Land 1800000 Nov. 1 Notes Receivable 250 Accounts Receivable Dec. 1 Cash 250 Notes Receivablc 2500 Dec. 31Interest Receivable Interest Revenue 20x2 Mar. 1 I Cash 1808100 Interest Revenue 2700 Interest Receivable 1800000