On December 1, Kane Corporation accepted a 120-day, 6%, $14,600 note receivable from J. Peterman in exchange for his account receivable Read the requirements Requirement 1. Journalize the transaction on December 1. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Dec Requirement 2. Journalize the adjusting entry needed on December 31 to accrue interest revenue. Round to the nearest dollar. (Record debits first, then credits. Select the explanation on the last line of the joumal entry table. For notes stated in days, use a 365-day year.) Date Accounts and Explanation Debit Credit Dec 31 Requirement 3. Journalize the collection of the principal and interest at maturity. Specify the date. Round to the nearest dollar. (Record debits first, then credits. Select the explanation on the last line of the joumal entry table. For notes stated in days, use a 365-day year.) Date Accounts and Explanation Debit Credit Choose from any list or enter any number in the input fields and then continue to the next