The Bailey Insurance Agency received the following notes during 2013:

Requirements
1. Identifying each note by number, compute interest using a 360-day year, and determine the due date and maturity value of each note.
2. Journalize a single adjusting entry on December 31, 2013, to record accrued interest revenue on all three notes. Explanations are not required.
3. For note (1), journalize the collection of principal and interest at maturity. Explanations are not required.

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Date Dec 23 Nov 30 Dec 7 Principal Amount $13,000 12,000 9,000 Interest Rate 9% 12% 10% Note Term 1 year 6 months 30 days