Please answer the following question in it's entirety, the help is much apperciated. I'll be sure to rate.

On April 1, 20X1, Tulip Corp. sold inventory and received a $25,000, 12-month, 12% note in exchange. The note's face value plus interest will be due when the note matures on April 1, 20X2. Tulip Corp. uses the periodic inventory system. Required: Prepare the following journal entries related to this note. The entry to record the issuance of the note on April 1, 20X1 The entry to record the accrual of interest on December 31, 20X1, and The entry to record the collection of the note and interest on April 1, 20X2