Record the following transactions in the journal of Jo Jo Music. Explanations are not required. Use 360-day year for interest computations.

2011

Dec 19 Received a $3,000, 90-day, 8% note on account from The Music Man.

31 Made an adjusting entry to accrue interest on The Music Man note.

31 Made a closing entry for interest revenue.

2012

Mar 18 Collected the maturity value of The Music Man note.

Jun 1 Loaned $15,000 cash to Main Street Music, receiving a six-month, 7% note.

Oct 31 Received a $4,500, 60-day, 10% note from Voice Publishing on its past-due account receivable.

Dec 1 Collected the maturity value of the Main Street Music note.