Included in Pina Companys December 31 trial balance is a note receivable of $10,800. The note is a 4-month, 10% note dated October 1.

1. Prepare Pinas December 31 adjusting entry to record $270 of accrued interest, and

2. the February 1 journal entry to record receipt of $11,160 from the borrower.

(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)

ACCOUNTS TO CHOOSE FROM FOR THE ACCOUNT TITLES/EXPLANATIONS

Accounts Payable Accounts Receivable Accumulated DepreciationBuilding Accumulated DepreciationEquipment Administrative Expenses Admissions Revenue Advertising Expense Allowance for Doubtful Accounts Bad Debt Expense Buildings Cash Common Stock Cost of Goods Sold Current Maturity of Long-Term Debt Delivery Expense Depreciation Expense-Building Depreciation Expense-Equipment Dividends Dues Revenue Equipment Green Fees Revenue Income Summary Income Tax Expense Insurance Expense Interest Expense Interest Payable Interest Receivable Interest Revenue Inventory Land Maintenance and Repairs Expense Mortgage Payable No Entry Notes Payable Notes Receivable Office Expense Owner's Capital Owner's Drawings Prepaid Advertising Prepaid Insurance Prepaid Rent Rent Expense Rent Receivable Rent Revenue Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Sales Discounts Sales Returns and Allowances Sales Revenue Selling Expenses Service Revenue Supplies Supplies Expenses Utilities Expenses Unearned Dues Revenue Unearned Service Revenue Unearned Rent Revenue

Account Titles and Debit Credit Date Explanation Dec. 3 Feb. 1