A Note Receivable $($$$20,000$;$10\%)$ was received from Zirbit Industries on July $1.$ Principal and

interest are due on June $30.$ Record interest on December $31.$ Principal $$ rate $$ time

Remember who you are $($i$.$e$.,$ the borrower or the lender$)$ and when you are $($i$.$e$.,$ at the time of

issuance, or at the end of the period$).$