These transactions took place for a company 2016 May 1 from R. Stoney Received a $6,900, 12-month, 7% note in exchange for an outstanding account receivable Dec 31 Accrued interest revenue on the R. Stoney note. 2017 May December 31, 2016.) Record the transactions in the geral. The company does not make entries to accrue interest Received principal plus interest on the R. Stoney note. (No interest has been accrued since except at December 31. Date Account Titles and Explanation Debit Credit