On December $1,2024,$ Liang Chemical provides services to a customer for $$83,000.$ In payment for the services, the customer signs a three$-$year, $12\%$ note. The face amount is due at the end of the third year, while annual interest is due each December $1.$

Required:

$1.$ Record the acceptance of the note on December $1,2024.$

$2.$ Record the adjusting entry for interest revenue on December $31$ for $2024,2025,$ and $2026,$ and the collection of annual interest on December $1,2025$ and $2026.$

$3.$ Record the cash collection on December $1,2027.$