On occasion, Barrett Inc. has issued a note in exchange for an overdue account. Below is a note transaction that occurred during the last two months of $2023.$

Nov. $1$ J$.$ Core has indicated that he is struggling to pay his outstanding accounts receivable. Because he is a valued client of Barrett Inc., they issued a $$15,000,12$ month, $7\%$ note in exchange for the accounts receivable balance.

Dec. $31$ Barrett Inc. prepares its annual financial statements at the end of the year. Prepare any necessary adjusting journal entry related to this note.

$($a$)$ Journalize the $2023$ transactions related to this note.

$($b$)$ Journalize the collection of this note on its date of maturity in $2024.$

Round to the nearest dollar if necessary. Memos are not required. Please demonstrate good form by using spaces.