1. Tim Surf Co. has a 4 month note receivable due on it on April 30, 2022. Along with the principle amount of $6,000, $160 in interest will be due along with the note at maturity (so $40 per month). The entry to record the quarterly accrual of interest at March 31 will include a credit to?

2. on March 1, 2022, Wayne company accepted a two-month, 10%, $9,000 note from Bull, Inc. in settlement of its open account. The note is due on April, 30, 2022. Wayne appropriately accrued the monthly interest revenue at March 31. Waynes entry to record the collection of the note on April 30, considering the previous accrual of interest, would include a credit to?