Samberg Inc. had the following transactions.

1. Oct. 1 Sold $20,500 of merchandise on account, 1/10, n/30 to McCormick Industries.

2. Nov. 1 Received a $20,500, 90-day, 11% note from McCormick Industries to settle its $20,500 unpaid balance.

3. Dec. 31 Accrued interest on the note. (Round your answer to the nearest whole dollar amount.)

4. Jan. 31 Received the interest on the notes maturity date.

5. Jan. 31 Received the principal on the notes maturity date. (Round your answer to the nearest whole dollar amount.)

Required: Prepare the required journal entries.