On April $15,2027,$ Sampson Consulting provides services to a customer for $\backslash (\backslash$$ $96,000\backslash ).$ To pay for the services, the customer signs a three$-$year, $\backslash (12\backslash \%\backslash )$ note. The face amount is due at the end of the third year, while annual interest is due each April $15.($Hint: Because the note is accepted during the middle of the month, Sampson plans to recognize one$-$half month of interest revenue in April $2027,$ and one$-$half month of interest revenue in April $2030.)$

Required:

$1.$ Record the acceptance of the note on April $15,2027.$

$2.$ Record the adjusting entry for interest revenue on December $31$ for $2027,2028,$ and $2029,$ and the collection of annual interest on April $15,2028$ and $2029.$

$3.$ Record the cash collection on April $15,2030.$

Prepare the journal entries for the above transactions.

Note: If no entry is required for a particular transaction or event, select $"$No Journal Entry Required" in the first account field.

Journal entry worksheet

Record the acceptance of the note.

Note: Enter debits before credits.