Cathy Realty loaned money and received the following notes during 2008.

Note Date Principal Amount Interest Rate Terms

1 Dec 23 $13,000 9% 1 year
2 Nov 30 12,000 12% 6 months
3 Dec 7 9,000 10% 30 days


Requirements

Journalize the entry to record the inception of the three notes and also journalize a single adjusting entry at October 31, 2010, the fiscal year end, to record and accrued interest revenue on all three notes.

Journalize the collecction of principal and interest at maturity of all three notes.