Sage Ltd. had the following select transactions.

May. 1, 2017		Accepted Crane plcs 12-month, 10% note in settlement of a 46,000 account receivable.
July 1, 2017		Loaned 55,000 cash to Sam Howard on a 9-month, 8% note.
Dec. 31, 2017		Accrued interest on all notes receivable.
Apr. 1, 2018		Sam Howard dishonored its note; Sage expects it will eventually collect.
May. 1, 2018		Received principal plus interest on the Crane note.

Prepare journal entries to record the transactions. Sage prepares adjusting entries once a year on December 31. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. Do not round intermediate calculations.)

5/1/17Notes Receivable 46,000 Accounts Receivable 46,000 7/1/17 Notes Receivable 55,000 Cash 55,000 12/31/17 4Interest Receivable Interest Revenue (To record interest accrued on Crane Company's note receivable.) 12/31/17 Interest Receivable Interest Revenue To record interest accrued on Sam Howard's note receivable.) 4/1/18Cash Interest Revenue Interest Receivable Notes Receivable 5/1/18 Cash Interest Receivable Interest Revenue Notes Receivable