On November 30, 2019, Tucker Products performed computer programming services for Thomas Inc. in exchange for a 5-month, $38,500, 12% note receivable. Thomas paid Tucker the full amount of interest and principal on April 30, 2020.

Required:

Prepare the necessary entries for Tucker to record the transactions described above. For a compound transaction, if an amount box does not require an entry, leave it blank. If required, round amounts to the nearest dollar.

Nov. 30, 2019	Notes Receivable
	Sales Revenue
	Record issuance of the note
Dec. 31, 2019	Interest Receivable
	Interest Income
	Record accrued interest income
Apr. 30, 2020	Cash
	Notes Receivable
	Interest Receivable
	Interest Income
	Record collection of note receivable