Prepare journal entries to record the following transactions entered into by Glaser Company:

2016

1) Jun. 1, Received a $30,000, 8%, 1-year note from LG Company as full payment on her account.

2) Nov. 1, sold merchandise on account to Melon, Inc. for $18,000, terms 2/10, n/30.

3) Nov. 5, Melon, Inc. returned merchandise worth $500.

4) Nov. 9, received payment in full from Melon, Inc.

5) Dec. 31, accrued interest on LG's note.

2017

6) Jun. 1, LG Company honored her promissory note by sending the face amount plus interest. No interest has been accrued in 2017.