Problem $5-8$B $($Algo$)$ Record long$-$term notes receivable and interest revenue $($LO$5-7)$

On April $15,2024,$ Sampson Consulting provides services to a customer for $$91,000.$ To pay for the services, the customer signs a three$-$year, $12\%$ 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, Slampson plans to recognize orie$-$half month of interest revenue in April $2024,$ and one$-$half month of interest revenue in April $2027.)$

Required:

Record the acceptance of the note on April $15,2024.$

Record the adjusting entry for interest revenue on December $31$ for $2024,2025,$ and $2026,$ and the collection of annual interest on April $15,2025$ and $2026.$

Record the cash collection on April $15,2027.$

Prepare the journal entries for the above transactions. $($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$