On March $1,$ Terrell & Associates provides legal services to Whole Grain Bakery regarding some recent food poisoning complaints.

Legal services total $$10,700.$ In payment for the services, Whole Grain Bakery signs a $10\%$ note requiring the payment of the face

amount and interest to Terrell & Associates on September $1.$

Required:

For Terrell & Associates, 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.$)$

Journal entry worksheet

$1)$ Record the acceptance of the note receivable for legal services provided.