Note Receivable/Note Payable Journal Entry Analysis Part 1: Sept. 1 2001 Received a $10,000, 9% one year note in payment of an AR Dec. 31 Accrue interest revenue on the above note. Sept. 1 2002 - Received proceeds of maturing note. Part 2 Sept. 1, 2001 - Borrowed $10,000 signing a 9% 1 year note. Dec. 31 - Accrue interest expense on above note. Sept. 1, 2002 - Paid interest and principal at maturity date of