Accounting for Notes Receivable

Yarnell Electronics sells computer systems to small businesses. Yarnell engaged in the following activities involving notes receivable:

On September $1,$ Yarnell sold a $$5,000$ system to Ross Company. Ross gave Yarnell a $6-$month, $11\%$ note as payment.

On December $1,$ Yarnell sold an $$8,600$ system to Searfoss Inc. Searfoss gave a $9-$month, $10\%$ note as payment.

On March $1,$ On March $1,$ Ross paid the amount due on its note.

On September $1,$ Searfoss paid the amount due on its note

Prepare the necessary journal and adjusting entries for Yarnell Electronics to record these transactions. If an amount box does not require an entry, leave it blank.