Cullumber Company accepts a $25,200, four-month, 8% note receivable in settlement of an account receivable on June 1, 2024. Interest is to be paid at maturity. Cullumber Company has a December 31 year end and adjusts its accounts annually. (Note: Cullumber Company uses only one allowance account for both accounts and notes receivable.) Assume instead that the note is dishonoured but eventual collection is expected. Record the October 1 journal entry