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Sunland Ltd. had the following select transactions. May 1, 2017 July 1, 2017 Dec. 31, 2017 Apr. 1, 2018 May. 1, 2018 Accepted Crane plc's

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Sunland Ltd. had the following select transactions. May 1, 2017 July 1, 2017 Dec. 31, 2017 Apr. 1, 2018 May. 1, 2018 Accepted Crane plc's 12-month, 14% note in settlement of a 20,200 account receivable. Loaned 29,200 cash to Sam Howard on a 9-month, 12% note. Accrued interest on all notes receivable. Sam Howard dishonored its note; Sunland expects it will eventually collect. Received principal plus interest on the Crane note. Prepare journal entries to record the transactions. Sunland prepares adjusting entries once a year on December 31. (Record entries in the ord account titles are automatically indented when amount is entered. Do not indent manually. Do not round intermediate calculations Date Account Titles and Explanation Debit Credit (To record interest accrued on Crane Company's note receivable.) (To record interact accrued an Sam Howard's nato receivable) Date Account Titles and Explanation Debit Credit (To record interest accrued on Crane Company's note receivable.) (To record interest accrued on Sam Howard's note receivable.)

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