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Journalizeentriesfornotesreceivable.(SO5,6)Dec.31AccruedinterestontheAndersonnote.1210RecordthefollowingtransactionsforSandwich,Co.,inthegereraljournal:May1Receivedan$8,700,one-year,10percentnoteinexchangeforLindaAndersonsout-Dec.31Closedtheinterestrevenueaccount.2007May1ReceivedprincipalplusinterestontheAndersonnote.(Nointeresthasbeenaccruedin2009.)

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Journalizeentriesfornotesreceivable.(SO5,6)Dec.31AccruedinterestontheAndersonnote.1210RecordthefollowingtransactionsforSandwich,Co.,inthegereraljournal:May1Receivedan$8,700,one-year,10percentnoteinexchangeforLindaAndersonsout-Dec.31Closedtheinterestrevenueaccount.2007May1ReceivedprincipalplusinterestontheAndersonnote.(Nointeresthasbeenaccruedin2009.)

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