On April 1, Fly Corporation accepted cash of $15,000 and a six-month, 6%, $75,000 interest-bearing note from Gonzo, Inc., as settlement of an account receivable. Fly has a fiscal year end of June 30, and Gonzo paid the principal and the interest at maturity.

Prepare all appropriate journal entries from the acceptance of the note to the maturity date. If required, round your answers to nearest whole value. For a compound transaction, if an amount box does not require an entry, leave it as blank or enter "0". Do not round your intermediate calculations.