On December 1, Kris Company accepted a 120-day, 6%, $14,600 note receivable from J. Oliver 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 journal entry table. For notes stated in days, use a 365-day year.) Date Accounts and Explanation Debit Credit Dec. 31