On October 1, 2017, Xerox Equipment Inc. sold specialized office equipment to Bellamy Co. and received a 2-year, $120,000 8% note in lieu of cash. Interest is received annually on the note on October 1 and Xerox financial year ends December 31. Round to nearest whole number. Fill in the necessary information identified by the numbering to complete the journal entries at the given dates.

a. October 1, 2017 Dr. Cr.

I	III
II		III

I Answer

II Answer

III Answer

b. December 31, 2017 Dr. Cr.

I	III
II		III

I Answer

II Answer

III Answer

c. October 1, 2018 Dr. Cr.

I	III
II		IV
Interest Revenue		V

I Answer

II Answer

III Answer

IV Answer

V Answer