On March $1,$ Terrell & Associates provides legal services to Whole Grain Bakery regarding some recent food poisoning complaints. Legal services total $$11,000.$ In payment for the services, Whole Grain Bakery signs a $9\%$ 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

$1$

$2.$

Record the acceptance of the note receivable for legal services provided.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$March $01,,,],[,,,],[,,,],[,,,]]$