Problem - These transactions took place for Ralston Co.
2009 -
May 1 Received a $12,300, 1-year, 9% note in exchange for an outstanding account receivable from S. Dolan.
Dec. 31 Accrued interest revenue on the S. Dolan note.
2010 -
May 1 Received principal plus interest on the S. Dolan note. (No interest has been accrued since December 31, 2009.)
Record the transactions in the general journal. (List multiple debit/credit entries from largest to smallest amount, e.g. 10, 5, 2.)