Milner Family Importers sold goods to Tung Decorators for $30,000 on November 1, 2019, accepting Tung's $30,000,

Question:

Milner Family Importers sold goods to Tung Decorators for $30,000 on November 1, 2019, accepting Tung's $30,000, 6-month, 6% note. Prepare Milner's November 1 entry, December 31 annual adjusting entry, and May 1, 2020, entry for the collection of the note and interest.