Exercise $5-15($Algo$)$ Record notes receivable and interest revenue $($LO$5-7)$

On March $1,$ Terrell & Associates provides legal services to Whole Grain Bakery regarding some recent food poisoning complaints. Legal services total $$9,500.$ In payment for the services, Whole Grain Bakery signs a $10\%$ note requiring the payment of the face amount and interest to Terrell & Associates on September $1.$

Required:

For Terrell & Associates, record the acceptance of the note receivable on March $1$ and the cash collection on September $1.($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$