CALCULATOR PRINTER VERSION 4 BACK NEXT Exercise 8-11 These transactions took place for Blue Spruce Corp. 2016 Received a $3,400, 12-month, 6% note in exchange for an outstanding account receivable May 1 from R. Stoney. Dec. Accrued interest revenue on the R. Stoney note. 31 2017 May 1 Received principal plus interest on the R. Stoney note. (No interest has been accrued since December 31, 2016.) Record the transactions in the general journal. The company does not make entries to accrue interest mak! except at December 31.(Credit account titles are automatically indented when amounts entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit $7 items