16 Recording notes receivable LOs On 1 April, Fly Corporation accepted cash of $15000 and a six month, 6 per cent, $75000 interest-bearing note from Gonzo, Inc., as settlement of an account receivable. Fly has a fiscal year end of 30 June, and Gonzo paid the principal and the interest at maturity. Required Identify the note's maker and payee and prepare all appropriate journal entries from the acceptance of the note to the maturity date