These transactions took place for Skysong, Inc

Accounting Nov 02, 2020

These transactions took place for Skysong, Inc. 2021 May Dec 2022 May 1 31 Received a $3,300, 12-month, 7% note in exchange for an outstanding account receivable from R. Stoney. Accrued interest revenue on the R. Stoney note. 1 Received principal plus interest on the R.Stoney note. (No interest has been accrued since December 31, 2021.) Record the transactions in the general journal, The company does not make entries to accrue interest except at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem)

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