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These transactions took place for Wildhorse Co. 2024 May 1 Received a $2,800,12-month, 9% note in exchange for an outstanding account receivable from R. Stoney.
These transactions took place for Wildhorse Co. 2024 May 1 Received a $2,800,12-month, 9% note in exchange for an outstanding account receivable from R. Stoney. Dec. 31 Accrued interest revenue on the R. Stoney note. 2025 May 1 Received principal plus interest on the R. Stoney note. (No interest has been accrued since December 31,2024. ) Account Titles and Explanation Debit Credit Notes Receivable Accounts Receivable Interest Receivable Interest Revenue \begin{tabular}{l} May 1,2025 \\ \hline Cash \\ Notes Receivable \end{tabular} Interest Receivable: Interest Revenue
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