More info Consider the following transactions for Jo 30 Misic. (1) (Cack the ioan to wew the trarsactons.) crecits, Exclude explanations from journal entries \}. Dec. 6: Recnived a $40.000,90-day. EW note in settement of an overdue accounts recevable trom AvC Company Dec.3t. Made an adjasting entry to accrue interest on the AvC Company note. Dec. 6: Received a $40,000,90-day, 8% note in settlement of an overdue accounts receivable from AVC Company. Dec. 31: Made an adjusting entry to accrue interest on the AVC Company note. Dec. 31: Made a closing entry for interest revenue. Mar. 6: Collected the maturity value of the AVC Company note. (Prepare a single compound jou Jun. 30: Loaned $11,000 cash to MM Music, receiving a six-month, 14% note. Jun. 30: Loaned $11,000 cash to MM Music, receiving a six-month, 14% note. Oct. 2: Received a $3,000,60-day, 14% note for a sale to Taconic Music. Ignore Cost of Goods So Jun. 30: Loaned $11,000 cash to MM Music, receiving a six-month, 14% note. Oct. 2: Received a $3,000,60-day, 14% note for a sale to Taconic Music. Ignore Cost of Goods So Dec. 1: Taconic Music dishonored its note at maturity. (Prepare a single compound journal entry.) Dec. 1: Wrote off the receivable associated with Taconic Music. (Use the allowance method.) Dec. 30: Collected the maturitv value of the MM Music note (Prenare a sinole comnound inurnal entrv.) Dec. 1: Wrote off the receivable associated with Taconic Music. (Use the allowance method.) Dec. 30: Collected the maturity value of the MM Music note. (Prepare a single compound journal entry