Record the following transactions in the general journal fo Meyer Company.
1-Jan	Received a $50,000 12%, 4 month note, dated January 1, from M. Kohler in payment of his
	open account.
1-May	Received notification from Kohler that he was unable to honor his note at this time.
	It is expected that Kohler will pay at a later date.
15-May	Received full payment from M Kohler.