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On March 1, Company A provides legal services to Company B regarding some recent food poisoning complaints. Legal services total $10,000. In payment for the

On March 1, Company A provides legal services to Company B regarding some recent food poisoning complaints. Legal services total $10,000. In payment for the services, Company B signs a 10% note requiring the payment of the face amount and interest to Company A on September 1. Required: For Company A, record the acceptance of the note receivable on March 1 and the cash collection on September 1. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) No 1 Date March 01 General Journal Legal Fees Expense Notes Payable 2 September 01. Notes Payable Interest Expense Cashi Red text indicates me response was expected in a cell or a formula-based calculation is incorrect; no points deducted 000 Debit Credit 10,000 10,000 10,000 500 10,500

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