Consider the following transactions for Rising House Publishing. 

Journalize all transactions for Rising House Publishing. Round all amounts to the nearest dollar.

Transcribed Image Text:

2025 Dec. 6 31 31 2026 Mar. 6 Jun. 30 Oct. 2 Dec. 1 1 30 Received a $7,000, 90-day, 12% note in settlement of an overdue accounts receivable from Textbook Publishing. Made an adjusting entry to accrue interest on the Textbook Publishing note. Made a closing entry for interest revenue. Collected the maturity value of the Textbook Publishing note. Loaned $11,000 cash to Townie Editing, receiving a six-month, 11% note. Received a $2,400, 60-day, 11% note for a sale to Basque Publishing. Ignore Cost of Goods Sold. Basque Publishing dishonored its note at maturity. Wrote off the receivable associated with Basque Publishing. (Use the allowance method.) Collected the maturity value of the Townie Editing note.