PLEASE HELP!!

This is the loan someoen is receiving of $12,000 with a 6% interest rate, and the term of this loan is for 6 months.

The following table is the amorzation for this loan:

the interest period	the monthly payments	the principle (monthly-interest)	the interest (12,000*.06*2/12)	the total interest (accumulated)	the balance (start balance - principle)
month 1 (nov)	$2,035.15	$1,975.15	$60.00	$60.00	$10,024.85
month 2 (dec)	$2,035.15	$1,985.02	$50.12	$110.12	$8,039.83
month 3 (jan)	$2,035.15	$1,994.95	$40.20	$150.32	$6,044.89
month 4 (feb)	$2,035.15	$2,004.92	$30.22	$180.55	$4,039.97
month 5 (mar)	$2,035.15	$2,014.95	$20.20	$200.75	$2,025.02
month 6 (apr)	$2,035.15	$2,025.02	$10.13	$210.87	$0.00

if we are the lender/bank would the JEs for thid be:

1. if we are lending the person cash:

Oct.1

(debit) cash for $12,000

(credit) note payable for $12,000

2. if we record interest rev. on december 31 because it's the last day of the year, would the JE be:

(debit) int. receviable for $180.

(credit) int. rev. for $180.

(I got $180 because 12,000*.06*3/12, is the math correct?)

3. if we are getting back the payment of the loan, with all the collected interest when the loan term is over, would the JE be:

(debit) cash for $12,420

(credit) int. rev. for $240 (i got this because april is 4th month so 12,000*.06*4/12, is the math right?)

(credit) int. receviable for $180 (12,000*.06*3/12 from last question) (credit) note recevibale for $12,000

pleaseeeee help me if these JE's are correct based off what the questions are asking. thank you very much