These transactions took place for Glavine Co.

2013 1. May 1 Received a $5,000, 12-month, 6% note in exchange for an outstanding account receivable from S. Rooney. 2. Dec. 31 Accrued interest revenue on the S. Rooney note. 2014 3. May 1 Received principal plus interest on the S. Rooney note. (No interest has been accrued since December 31, 2013.)

Record the transactions in the general journal. The company does not make entries to accrue interest except at December 31. Please use the format I have provided in the photo below.

I have provided a list of possible accounts to use: Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Allowance for Doubtful Accounts Bad Debt Expense Cash Common Stock Cost of Goods Sold Dividends Income Tax Expense Income Taxes Payable Interest Receivable Interest Revenue Inventory No Entry Notes Receivable Other Operating Expenses Other Receivables Retained Earnings Sales Discounts Sales Returns and Allowances Sales Revenue Service Charge Expense Service Revenue Supplies Supplies Expense

No. Date Account Titles and Explanation Debit Credit 2. SHOW LIST OF ACCOUNTS