Question --- 1 --- (20 points) Prepare journal entries to record the following transactions entered into by Valente Company: 1 2016 June 1 Received a $15,000, 12%, 1-year note from Andrea Foley as full payment on her account. Nov. Sold merchandise on account to Patton, Inc. for $12,000, terms 2/10, 1/30. 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. 2017 June 1 Andrea Foley honored her promissory note by sending the face amount plus interest. No interest has been accrued in 2017