On April 15, 2024, Sampson Consulting provides services to o customer for $105,000. To pay for the services, the customer signs a three-yeac, 12% note. The face amount is due at the end of the third year, while annual interest is due each April 15. (Hint: Because the note is occepted during the middle of the month, Sampson plans to recognize one-half month of interest revenue in April 2024, and one-half month of interest revenue in April 2027) Required: 1. Record the occeptance of the note on April 15, 2024. 2. Record the adjusting entry for interest revenue on December 31 for 2024,2025, and 2026, and the collection of annual interest on April 15, 2025 and 2026. 3. Record the cosh collection on April 15, 2027. Prepare the journal entries for the above transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) On April 15, 2024, Sampson Consulting provides services to a customer for $105,000. To pay for the services, the customer signs a three-year, 125 note. The face amount is due at the end of the third year, while annual interest is due each April 15 . (Hint: Because the note is accepted during the middle of the month, Sampson plans to recopnize one-half month of interest revenue in Apeil 2024, and one-half month of interest revenue in April 2027) Required: 1. Record the acceptance of the note on April 15, 2024 2. Record the adjusting entry for interest revenue on December 31 for 2024, 2025, and 2026, and the collection of annual interest on April 15, 2025 and 2026. 3. Record the cash collection on April 15, 2027. Prepare the journal entries for the above transactions, (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet tote: Enter debits befoee eredts. On Apni 15, 2024, Sampson Consulting provides services to a customer for $105,000. To pay for the services, the customer signs a three-year, 12% note. The face amount is due at the end of the third year, while annual interest is due each April 15. (Hint: Because the note is accepted during the middle of the month, Sampson plans to recognize one-half month of interest revenue in April 2024, and one-half month of interest revenue in April 2027) Required: 1. Record the acceptance of the note on April 15, 2024 2. Record the adjusting entry for interest revenue on December 31 for 2024,2025, and 2026, and the collection of annual interest on April 15, 2025 and 2026 3. Record the cash collection on April 15, 2027. Prepare the journal entries for the above transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Note: Enter debits before credits. On April 15, 2024, Sampson Consulting provides services to a customer for $105,000. To pay for the services, the customer signs a three-year, 12% note. The face amount is due at the end of the third year, while annual interest is due each April 15. (Hint: Because the note is accepted during the middle of the month, Sampson plans to recognize one-half month of interest revenue in April 2024 , and one-half month of interest revenue in April 2027. Required: 1. Record the acceptance of the note on April 15, 2024. 2. Record the adjusting entry for interest revenue on December 31 for 2024,2025 , and 2026 , and the collection of annual interest on April 15, 2025 and 2026. 3. Record the cash collection on April 15, 2027. Prepare the journal entries for the above transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet (1) 4 5 6 7 Record the receipt of annual interest as of April 15, 2025. Note: Enter deburs before credits. On April 15, 2024, Sampson Consulting provides services to a customer for $105,000. To pay for the services, the customer signs a three-year, 12% note. The face amount is due at the end of the third year, while annual interest is due each April 15 . (Hint Because the note is accepted during the middle of the month. Sampson plans to recognize one-half month of interest revenue in April 2024, and one-helf month of interest revenue in April 2027) Required: 1. Record the acceptance of the note on April 15, 2024. 2. Record the adjusting entry for interest revenue on December 31 for 2024, 2025, and 2026, and the collection of annual interest on April 15, 2025 and 2026 . 3. Record the cash collection on April 15, 2027. Prepare the journal entries for the above transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) On Apnil 15, 2024, Sampson Consulting provides services to a customer for $105,000. To pay for the services, the customer signs a three-yeat, 12% note. The face amount is due at the end of the third year, while annual interest is due each April 15 . (Hint Because the note is accepted during the middle of the month, Sampson plans to recognize one-haif month of interest revenue in April 2024, and one-half month of interest revenue in April 2027) Required: 1. Record the acceptance of the note on April 15, 2024. 2. Record the adjusting entry for interest revenue on December 31 for 2024,2025, and 2026, and the collection of annual interest on April 15,2025 and 2026 . 3. Record the cash collection on April 15, 2027. Prepare the journal entries for the above transactions. If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet (1) (2) 5 7 Record the adjusting entry for interest receivable as of December 31,2025. Note: Enter debits before credits. On April 15, 2024, Sampson Consulting provides services to a customer for $105,000. To pay for the services, the customer signs a three-year, 12% note. The face amount is due at the end of the third year, while annual interest is due each April 15. (Hint: Because the note is accepted during the middle of the month, Sampson plans to recognize one-half month of interest revenue in April 2024, and one-half month of interest revenue in April 2027) Required: 1. Record the acceptance of the note on April 15, 2024. 2. Record the adjusting entry for interest revenue on December 31 for 2024,2025 , and 2026 , and the collection of annual interest on April 15,2025 and 2026. 3. Record the cash collection on April 15, 2027. Prepare the journal entries for the above transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)