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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

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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 Whole Grain Bakery, record the issuance of the note payable on March 1 and the cash payment on September 1. (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Answer is not complete. No Date General Journal Credit 1 March 01 Notes Receivable Cash Debit 11,000 O 11,000 2 September 01 11.495 Cash Notos Receivable Interest Revenue X 11,000 495

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