On Feb 1, marino marine equipment sold several pieces of inventory to soderberg sails for 7000, by soberberg signing a five month (12% annual

On Feb 1, marino marine equipment sold several pieces of inventory to soderberg sails for 7000, by soberberg signing a five month (12% annual interest rate) note, accrued monthly but all payable on June 30. Record on Marino' books the entry on June 30 that recognizes soderberg's payment satifying the note receivable.