Notes Receivable with Year-End Interest Accrual. Using the information provided in BE9-19, prepare the journal entries to record the sale, the accrued interest revenue, and the full collection at maturity assuming that the sale date was September 1, 2016, and the note was due on March 31, 2017

BE9-19. Notes Receivable. Welk Associates sold a piece of equipment to convey Company on June 1, 2016. for $800,000. Welk agreed to accept a 7-month, 7% note with interest due on it maturity date. December 31, 2016. Welk prepares financial statements only at its calendar year-end. Prepare the journal entries required to record the sale and the full collection at maturity. Ignore cost of goods sold and inventory BE9-20. Notes Receivable with Year-End Interest Accruel . Using the information provided in BE9-19, prepare the journal entries to record the sale, the accrued intefest revenue and the full collection at maturity assuming that the sale date was September 1, 2016, and the note was due on March 31, 2017