2018 Dec. 6 31 2019 Jun-30 Received a $40,000, 90-day, 12% note in settlement of an overdue accounts receivable from Free World Music Made an adjusting entry to accrue interest on the Free World Music note 31 Made a closing entry for interest revenue Mar. 6 Collected the maturity value of the Free World Music note Loaned $13,000 cash to Main Sounds Music, receiving a six-month, 18% note. Received a $1,000, 60-day, 18% note for a sale to ZZZ Music. Ignore Cost of Goods Sold ZZZ Music dishonored its note at maturity Oct. 2 Dec. 1 1 Wrote off the receivable associated with ZZZ Music. (Use the allowance method.) 30 Collected the maturity value of the Main Sounds Music