These transactions took place for Kingbird Co. 2021 May 1 Received a $26,250,12 months, 8% note in exchange for an outstanding accounts receivable from Mark Chamber. Dec. 31 Accrued interest revenue on the Chamber note. Dec. 31 Closed the interest revenue account. 2022 May 1 Received principal plus interest on the Chamber note. (No interest has been accrued since December 31, 2021.) \begin{tabular}{|l|l|r|r|} \multicolumn{1}{c|}{ Date } & Account Titles and Explanation & Debit & \multicolumn{1}{c|}{ Credit } \\ \hline May 1,2021 & & Notes Receivable & 26,250.00 \\ \hline & & Accounts Receivable & \\ \hline & & & 26,250.00 \\ \hline \end{tabular} (To record accrued interest on note.) \begin{tabular}{|l|l|r|r|} \hline Dec. 31,2021 & Interest Revenue & 1,400.00 & \\ \hline & Income Summary & & \\ \hline \end{tabular} (To close the interest revenue account.) Interest Receivable Interest Revenue Notes Receivable 26,250.00