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These transactions tookplace for Crane Co. 2024 May. 1 Received a $2,800,12-month, 6% note in exchange for an outstanding account recelvable from R. Stoney. Dec.

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These transactions tookplace for Crane Co. 2024 May. 1 Received a $2,800,12-month, 6% note in exchange for an outstanding account recelvable from R. Stoney. Dec. 31 Accrued interest revenue on the R. Stoney note. 2025 May 1 Recelved principal plus interest on the R, Stoney note. (No interest has been accrued since December 31,2024.) Record the transactions in the general journal. The company does not make entries to accrue interest except at December 31 . (List all debit entries before credit entries. Credit occount titles are outomatically indented when amount is entered. Do not indent manually Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts)

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