Handout 9-3: Vandolay Industries Records a Note On April 1, 2012, Vandolay loans a $10,000 note to a customer opening a new store. The note, which bears 10% annual interest, becomes due on March 31, 2013. Record the appropriate journal entry. Apr. 14 On December 31, 2012, Vandolay accrued interest for the portion of the year that the note was outstanding. Record the appropriate journal entry. Dec. 31 On March 31, 2013, Vandolay received all interest and principal for the note. Record the journal entry. Record the journal entry for interest received: Mar. 31