On July 1, 2017, Cullumber Equipment Company sold a fishing boat to James Brothers Yatching, Inc. In lieu of a cash payment James Brothers Yachting gave Cullumber a 3-year, $130,000, 10% note (a realistic rate of interest for a note of this type). The note required interest to be paid annually on July 1. Cullumbers financial statements are prepared on a calendar-year basis. Assuming James Brothers Yatching fulfills all the terms of the note, prepare the necessary journal entries for Cullumber Equipment Company for the entire term of the note. Assume that reversing entries are not made on January 1, 2018, January 1, 2019 and January 1, 2020. (Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
choose a transaction date 7/1/201712/31/20177/1/201812/31/20187/1/201912/31/20197/1/2020	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date 7/1/201712/31/20177/1/201812/31/20187/1/201912/31/20197/1/2020	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date 7/1/201712/31/20177/1/201812/31/20187/1/201912/31/20197/1/2020	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date 7/1/201712/31/20177/1/201812/31/20187/1/201912/31/20197/1/2020	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date 7/1/201712/31/20177/1/201812/31/20187/1/201912/31/20197/1/2020	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date 7/1/201712/31/20177/1/201812/31/20187/1/201912/31/20197/1/2020	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date 7/1/201712/31/20177/1/201812/31/20187/1/201912/31/20197/1/2020	enter an account title to record for collection of interest	enter a debit amount	enter a credit amount
	enter an account title to record for collection of interest	enter a debit amount	enter a credit amount
	enter an account title to record for collection of interest	enter a debit amount	enter a credit amount
	(To record the collection of interest)
	enter an account title to record for collection of the note	enter a debit amount	enter a credit amount
	enter an account title to record for collection of the note	enter a debit amount	enter a credit amount
	(To record the collection of the note)