Question Help SF8-11 (book/static) On December 1, Kyle Corporation accepted a 60-day, 9%, 512,000 note receivable from J. Michael in exchange for his account receivable. Read the requirements Requirement 1. Journalize the transaction on December 1 (Record debits first, then credits Select the explanation on the last line of the joumal entry table.) Date Accounts and Explanation Debit Credit Dec 1 Choose from any list or enter any number in the input fields and then click Check Answer Check Answer Clear All 2 Pemaining Fation accepted a 60 day, 9%, $12,000 note receivable from J. Michael in exchange for his account receivable e transaction on December 1. (Record debits first, then credits. Select the explanation on the last line of thej ounts i Requirements 1. Journalize the transaction on December 1. 2. Journalize the adjusting entry needed on December 31 to accrue interest revenue. Round to the nearest dollar. 3. Journalize the collection of the principal and interest at maturity. Specify the date. Round to the nearest dollar. Print Done any nl Clear All