On May 1, 2018, a company lends $100, 000 to one of its main suppliers and accepts a 12-month 6% note. Record the acceptance of the note on May 1, 2018, the adjustment on December 31, 2018 and the cash collection on May 1, 2019. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Round your final answers to the nearest whole dollar.)