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On December 31, Morell Paper Inc. is repaid $225,000 for a zero-interest, note receivable signed 3 years ago. On the same day, the company

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On December 31, Morell Paper Inc. is repaid $225,000 for a zero-interest, note receivable signed 3 years ago. On the same day, the company also accrues the $4,200 interest earned for the year. Record both the note repayment and interest accrual into journal entries. Please copy and paste the blank table below into your answer field and type in the necessary information. Note that not all lines may be needed. Date Account Debit Credit

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