On September 1, 2015, Healthwise international acquired a 12%, nine month notes receivable from Herbal innovations, a credit, customer, in settlement of a 22,000 account recievable. Prepare journal entries to record the following:

a. The receipt of the note on September 1, 2015, in settlement of the account recievable.

b. The adjustment to record accrued interest revenue on December 31, 2015.

c. The collection of the principal and interest on May 31, 2016.