Prepare journal entries to record the following transactions entered into by Valente Company.

2014
June	1	Received a $10,000, 12%, 1-year note from Andrea Foley as full payment on her account.
Nov.	1	Sold merchandise on account to Patton, Inc. for $12,000, terms 2/10, n/30.
Nov.	5	Patton, Inc. returned merchandise worth $500.
Nov.	9	Received payment in full from Patton, Inc.
Dec.	31	Accrued interest on Foley's note.
2015
June	1	Andrea Foley honored her promissory note by sending the face amount plus interest.
		No interest has been accrued in 2015.

Date	Account Titles	Ref.	Debit	Credit