The following are notes receivable transactions for Cullumber Co$.$:

May $1$ Received a $$12,000,$ six$-$month, $6\%$ note from Jioux Company in settlement of an account receivable. Interest is due at maturity.

June $30$ Accrued interest on the Jioux note, at Cullumber's year end. Adjustments are recorded annually.

July $31$ Lent $$3,600$ cash to an employee, Noreen Irvine, receiving a two$-$month, $5\%$ note. Interest is due at the end of each month.

Aug. $31$ Received the interest due from Ms$.$ Irvine.

Sept. $30$ Received payment in full from Ms$.$ Irvine.

Nov. $1$ Jioux Company defaulted on its note. Cullumber does not expect to collect on the note.

Record the transactions for Cullumber Co$.$ Cullumber Co$.$ uses only one allowance account for both accounts and notes receivable.