Brief Exercise 186

Decca Distributors has the following transactions related to notes receivable during the last month of the year.

Dec.1 Loaned $12,000 cash to J. Cash on a 1-year, 5% note.

Dec.16 Sold goods to W. Jennings, receiving a $10,000, 60-day, 6% note.

Dec.31 Accrued interest revenue on all notes receivable.

Journalize the transactions forDeccaDistributors.