M8-12 (Algo) Recording Notes Receivable Transactions [LO 8-3] RecRoom Equipment Company received a(n) $8,400, six-month, 5 percent note to settle an $8,400 unpaid balance owed by a customer. a. The note is accepted by RecRoom on November 1, causing the company to increase its Notes Recelvable and decrease its Accounts Receivable. b. RecRoom adjusts its records for interest earned to its December 31 year-end. c. RecRoom receives the interest on the note's maturity date. d. RecRoom recelves the principol on the note's maturity date. Required: Prepare journal entries to record the above transactions for RecRoom, (if no entry is required fur a transaction/event, select "No Journal Entry Required" in the first account field, Do not round intermediate calculations.)