On December 1, 2021, Liang Chemical provides services to a customer for $72,000. In payment 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 December 1, Required: 1. Record the acceptance of the note on December 1, 2021. 2. Record the interest collected on December 1 for 2022 and 2023, and the adjustment for interest revenue on December 31 for 2021, 2022, and 2023 3. Record the cash collection on December 1, 2024 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.) es View transaction list View Journal entry worksheet Debit General Journal No Credit Date December 01 2021 1 72.000 Notes Receivable 72.000 Sales Revenue 2 December 31 2021 Interest Receivable Interest Revenue 3 8.640 December 01 2022 Cash interest Revenue Interest Receivable December 31, 2022 Interest Receivable Interest Revenue December 01 Cath 16 of 16 Next 3 December 01, 2022 Cash 8.640 Interest Revenue Interest Receivable 4 December 31 2022 Interest Receivable Interest Revenue 5 8,640 December 01 2023 Cash Interest Revenue Interest Receivable 6 December 31 2023 Interest Receivable Interest Revenue 7 December 01, 2024 Cash Interest Revenue Interest Receivable Notes Receivable 72.000