More Info el tid 2024 Dec. 6 Received a $60,000, 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. 31: Dec. 31 Dec. 31 2025 ce 24 -31 Mar. 6 Jun. 30 Oct. 2 Collected the maturity value of the Dark Star Music note. Loaned $10,000 cash to Oppie's Publishing, receiving a six-month, 12% note. Received a $5,000, 60-day, 12% note for a sale to Rythm and Melody. Ignore Cost of Goods Sold, Rythm and Melody dishonored its note at maturity. Wrote off the receivable associated with Rythm and Melody. (Use the allowance method.) Dec. 1 Dec. 1 - 31: Date 2024 Print Done 0,31 Consider the following transactions for TLC Company Dec. 6: Received a $60,000, 90-day, 6% note in settlement of an overdue accounts receivable from Dark Star Music. Date Accounts Debit Credit 2024 Dec, 6 Note Receivable Dark Star Music Accounts Receivable Dark Star Music Credit Dec. 31: Made an adjusting entry to accrue interest on the Dark Star Music note. Date Accounts Debit 2024 Dec. 31 Interest Receivable interest Revenue Consider the following transactions for TLC Company Dec 31: Made a closing entry for interest revenue. Date Accounts 2024 Dec. 31 Debit Credit Mar. 6: Collected the maturity value of the Dark Star Music note. (Prepare a single compound journal entry) Date Accounts Debit Credit 2025 Mar. 6 Jun. 30: Loaned $10,000 cash to Oppie's Publishing, receiving a six-month, 12% note. Date Accounts Debit Credit 2025 Jun 30 Debit Od. 2: Received a $5,000, 60-day, 12% note for a sale to Rythm and Melody Ignore Cost of Goods Sold. Date Accounts Credit 2025 Od 2 Dec. 1: Rythm and Melody dishonored its note at maturity. (Prepare a single compound journal entry) Date Accounts Debit Credit 2025 Dec 1 Dec. 1: Wrote off the receivable associated with Rythm and Melody (Use the allowance method) Date Accounts Debit Credit 2025 Dec 1 Dec 30: Collected the maturity value of the Oppie's Publishing note. (Prepare a single compound journal entry) Date Accounts Debit Credit 2025 Dec. 30