E$9\mathrm{.}13($LO $3),$ AP These transactions took place for Redeker Co$.$

${2021}_{?}$

May $1$ Received a $$9,000,12-$month, $10\%$ note in exchange for an outstanding account receivable from Mark Chamber.

Dec. $31$ Accrued interest revenue on the Chamber note.

Dec. $31$ Closed the interest revenue account.

$2022$

May $1$ Received principal plus interest on the Chamber note. $($No interest has been accrued since December $31,2021.)$

Instructions

Record the transactions in the general journal. The company does not make entries to accrue interest except at December $31.$

Prepare entries for note receivable transactions.