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Shock Inc. has a December 31 year-end and prepares adjusting journal entries annually. All journal entries except for the year-end adjustments have already been correctly recorded. Information needed to prepare adjusting journal entries is below: 1. Shock signed a 6-month note payable for $40,000 on September 30 of the current year. The interest rate is 8%, and both principle and interest are due at maturity. 2. We earned interest of $90 on an overdue account. It has not yet been recorded. 3. During November, we collected $12,000 from a customer before providing services. At year end, $9,000 of this has been earned