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Dec. 6 , 2 0 2 5 Received a $ 1 6 , 0 0 0 , 9 0 - day, 6 % note in
Dec. Received a $day, note in settlement of an overdue accounts receivable from Jazz Music.
Dec. Made an adjusting entry to accrue interest on the Jazz Music note.
Dec. Made a closing entry for interest revenue.
Mar. Collected the maturity value of the Jazz Music note.
Jun. Loaned $ cash to MM Music, receiving a sixmonth, note.
Oct. Received a $day, note for a sale to Voice Publishing. Ignore Cost of Goods Sold.
Dec. Voice Publishing dishonored its note at maturity.
Dec. Wrote off the receivable associated with Voice Publishing. Use the allowance method.
Dec. Collected the maturity value of the MM Music note.
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