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On March 1, Kone Company accepted a 60-day, 9%, $14,600 note receivable from J Peters in exchange for h Requirements Read the requirements Requirement 1. Journalize the transaction on March 1. (Record debits first, then credits. Select the explanation 1. Journalize the transaction on March 1 2. Journalize the adjusting entry needed on March 31 to accrue interest Date Accounts and Explanation Debit Credit revenue. Round to the nearest dollar Mar 1 Note Receivable-J. Peters 14600 3. Journalize the collection of the principal and interest at maturity. Specify the date. Round to the nearest dollar. Accounts ReceivableJ. Peters Print Done Collected note receivable pius interest needed on March 31 to accrue interest revenue. Round to the nearest dollar. (Record debits first, then credits. Select the explanation on the last line of the Requirement 2. Journalize the adjusting entry journal entry table. For notes stated in days, use a 365-day year.) Debit Credit Date Accounts and Explanation 216 Mar Interest Revenue Accrued interest eaned explanation on the last line of the and interest at maturity. Specify the date. Round to the nearest dollar. (Record debits first, then credits. Select the Requirement 3. Journalize the collection of the principal Choose from any list or enter any number in the input fields and then continue to the next question. joumal entry table For notes stated in days, use a 35-day year Date Debit Crsdit Peten Recevable Collected note recevable plus interest Choose from any list or enter any number in the input fields and then continue to the nen qestion

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