Question: Do not use excel! I have to see the process of solving this question! II. Prepare journal entries to record the following transactions entered into

Do not use excel! I have to see the process of solving this question!

II. Prepare journal entries to record the following transactions entered into by Glaser Company: 2016 - June 1 Received a $30,000, 8%, 1-year note from AD Co. as full payment on her account. Nov. 1 Sold merchandise on account to Mal, Inc. for $18,00o, terms 2/10, n/30.. Nov. 5 Mal, Inc. returned merchandise worth $500. Nov. 9 Received payment in full from Mal, Inc. Dec. 31 Accrued interest on AD Co.'s note. 2017 June 1 AD Co. honored her promissory note by sending the face amount plus interest. No interest has been accrued in 2017

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