Write entries in general journal form to record the following transactions for Ballard Company, whose fiscal year ends on December 31: Year 1 Dec. 3 Ballard Company received from RJB Services an $ 8,500, 120-day, 6.5 percent note, dated December 3, as an extension of a charge account. 31 The adjusting entry for accrued interest. 31 The closing entry (for practice), assuming that all other closing entries were made. Year 2 Jan. 1 The reversing entry. Apr. 2 Receipt of the principal and interest at maturity.