N G Return to Blackboard - Kimmel, Accounting: Tools for Business Dedsion Making, se Help System Announcements (Unread) RCES Exercise 8-8 These transactions took place for Glavine Co. 2013 1. May 1 Received a $6,500, 12-month, 7% note in exchange for an outstanding account receivable from S. Rooney 2. Dec. 31 Accrued interest revenue on the S. Rooney note. 2014 3. May 1 Received principal plus interest on the S. Rooney note. (No interest has been accrued since December 31, 2013 Record the transactions in the general journal. The company does not make entries to accrue interest except at December 31.(Credit account titles are a entered. Do not indent manually. Round answers to o decimal places, e.g. 5,250.) No. Date Account Titles and Explanation Debit Credit 1. May 1, 2013 Notes Receivable Accounts Receivable Dec. 31, 2013 Interest Receivable Interest Revenue tudy May 1, 2014 Cash Notes Receivable Interest Revenue Interest Receivable Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS