record the signing of the note in payment of legal services, & record the cash received on note receivable and interest.

On March 1, Terrell & Associates provides legal services to Whole Grain Bakery regarding some recent food poisoning complaints. Legal services total $9,000. In payment for the services, Whole Grain Bakery signs a 8% note requiring the payment of the face amount and interest to Terrell & Associates on September 1 Required: For Terrell & Associates, record the acceptance of the note receivable on March 1 and the cash collection on September 1, (If no entry is required for a transactionievent, select "No journal entry required" in the first account field J