Record the following transactions in the journal of Bingham Phone Accessories. Explanations are not required.

2012

Dec 19 Received a $3,000, 60-day, 12% note on account from Arnold Collins.

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

31 Made a closing entry for interest revenue.

2013

Feb 17 Collected the maturity value of the Collins note.

Jun 1 Loaned $10,000 cash to Electra Mann, receiving a six-month, 11 % note.

Oct 31 Received a $1,500, 60-day, 12% note from Mark Phillips on his past-due account receivable.

Dec 1 Collected the maturity value of the Electra Mann note.