McKlien Company has a six$-$month, $$18,000,6\%$ note receivable from L$.$ Chambers that was signed on June $1,2016.$ Chambers defaults on the loan on December $1.$

Journalize the entry for McKlien to record the default of the loan. $($Record debits first, then, credits. Select the explanation on the last line of the journal entry table.$)$

$\backslash$table$[[$Date$,$Accounts,Debit,Credit$],[2016],[$Dec$.1],[,,,],[,,,],[,,,]]$