K Part 1 of 3 O Points: 0 of 10 On December 1, Kyle Company accepted a 60-day, 9%, $12,000 note receivable from J. Michael in exchange for his account receivable Read the requirements Requirement 1. Journalize the transaction on December 1. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Dec. 1 Accounts and Explanation Debit Credit Requirements 1. Journalize the transaction on December 1. 2. Journalize the adjusting entry needed on December 31 to accrue interest revenue. Round to the nearest dollar. 3. Journalize the collection of the principal and interest at maturity. Specify the date. Round to the nearest dollar. Print Done - x Clear all Chec