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Record the following transactions for Taylor Co. in the general journal. (Record entries in the order displayed in the automatically indented when amount is entered.

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Record the following transactions for Taylor Co. in the general journal. (Record entries in the order displayed in the automatically indented when amount is entered. Do not indent manually. Round answers to the nearest whole Received a $9, 750, 1-year, 9% note in exchange for Len Monroe's outstanding accounts receivable. Accrued interest on the Monroe note. Closed the interest revenue account. Received principal plus interest on the Monroe note. (No interest has been accrued in 2015.)

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