More info 2017 13 Dec 19 2018 31 Feb 17 Jun 1 Oct 31 Dec 1 Dec 31 Received a $3,000, 60-day, 11% note on account from AM Publishing. Made an adjusting entry to accrue interest on AM Publishing note. Collected the maturity value of AM Publishing note. Loaned $5,000 cash to MM Music, receiving a six-month, 10% note. Received a $1,000, 90-day, 12% note from Mark Phillips on its past-due account receivable. Collected the maturity value of the MM Music note. Make an adjusting entry to accrue interest on the Mark Phillips note.