On May 1, 2022, Tabor Co. received an $21,000 note from a customer in settlement of an $21,000 account receivable from that customer. The note bore interest at the rate of 9% per annum, and the note plus interest was payable April 30, 2023.

Required:
Use the horizontal model to show the effects of each of these transactions and adjustments:
a. Receipt of the note on May 1, 2022.
b. The accrual of interest at December 31, 2022.
c. The collection of the note and interest on April 30, 2023.