Professional Steam Cleaning performs services on account. When a customer account becomes four months old, Professional converts the account to a note receivable. During 2018, the company completed the following transactions:
Apr. 28 Performed service on account for Parkview Club, $18,000.
Sep. 1 Received an $18,000, 60-day, 12% note from Parkview Club in satisfaction of its past-due account receivable.
Oct. 31 Collected the Parkview Club note at maturity.
Record the transactions in Professional's journal. Round to the nearest dollar.