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Record the following transactions for Vaughn Co. in the general journal. (Record journal entries in the order presented in the problem. Credit account titles are

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Record the following transactions for Vaughn Co. in the general journal. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually) 2020 May Dec. Dec. 2021 May 1 31 31 Received a $32,400, 12 months, 12% note in exchange for Mark Chamber's outstanding accounts receivable Accrued interest on the Chamber note. Closed the interest revenue account 1 Received principal plus interest on the Chamber note. (No interest has been accrued in 2021) Date Account Titles and Explanation Debit Credit (To record accrued interest on note) > To close the interest revenue account) e Textbook and Media List of Accounts Attempt of used

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