May 1, 2017 Accepted Crane plc's 12-month, 12% note in settlement of a 16,000 account receivable. July 1, 2017 Loaned 25,000 cash to Sam Howard on a 9- month, 10% note. Dec. 31, 2017 Accrued interest on all notes receivable. Apr. 1, 2018 Sam Howard dishonored its note; Bieber expects it will eventually collect. May 1, 2018 Received principal plus interest on the Crane note. Instructions Prepare journal entries to record the transactions. Bieber prepares adjusting entries once a year on December 31