Required

a.	Record the 2016 transactions in general journal form.(If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

The following transactions apply to Walnut Enterprises for 2016, its first year of operations:

1.	Received $50,000 cash from the issue of a short-term note with a 6 percent interest rate and a one-year maturity. The note was made on April 1, 2016.
2.	Received $130,000 cash plus applicable sales tax from performing services. The services are subject to a sales tax rate of 6 percent.
3.	Paid $62,000 cash for other operating expenses during the year.
4.	Paid the sales tax due on $110,000 of the service revenue for the year. Sales tax on the balance of the revenue is not due until 2017.
5.	Recognized the accrued interest at December 31, 2016.