More info 2024 Dec. 6 Dec. 31 Dec. 31 2025 Received a $4,000, 90-day, 6% note in settlement of an overdue accounts receivable from Dark Star Music. Made an adjusting entry to accrue interest on the Dark Star Music note. Made a closing entry for interest revenue. Collected the maturity value of the Dark Star Music note. Mar. 6 Jun. 30 Loaned $15,000 cash to Main Street Music, receiving a six-month, 18% note. Oct. 2 Dec. 1 Received a $9,000, 60-day, 18% note for a sale to ZZZ Music. Ignore Cost of Goods Sold. ZZZ Music dishonored its note at maturity. Dec. 1 Dec. 30 Wrote off the receivable associated with ZZZ Music. (Use the allowance method.) Collected the maturity value of the Main Street Music note.