Record the following transactions in the journal of Bird’s Eye Music. Explanations are not required. Use 360-day year for interest computation.

2011

Dec 6 Received a $4,000, 90-day, 9% note on account from GG Publishing.

31 Made an adjusting entry to accrue interest on the GG Publishing note.

31 Made a closing entry for interest revenue.

2012

Mar 5 Collected the maturity value of the GG Publishing note.

Jun 1 Loaned $11,000 cash to London Sounds, receiving a six-month, 8% note.

Oct 31 Received a $6,000, 60-day, 13% note from Union Music on its past-due account receivable.

Dec 1 Collected the maturity value of the London Sounds note.