2017 Dec 16 Received a $5,000, 60-day, 12% note on account from Forest Music. Made an adjusting entry to accrue interest on Forest Music note. 2018 31 Feb 14 Collected the maturity value of Forest Music note. Jun 1 Oct 31 Dec 1 Dec 31 Loaned $12,000 cash to London Sounds, receiving a six-month, 11% note. Received a $5,500, 90-day, 14% note from Skip's Music on its past-due account receivable. Collected the maturity value of the London Sounds note. Make an adjusting entry to accrue interest on the Skip's Music note. Dec 16: Received a $5,000, 60-day, 12% note on account from Forest Music. Date Dec 16, 2017 Journal Entry Accounts Debit Credit Dec 31: Made an adjusting entry to accrue interest on Forest Music note. (Use a 360-day year for your calculation. Enter amounts to the nearest dollar.) Journal Entry Dec Date 31, 2017 Accounts Debit Credit Feb 14: Collected the maturity value of Forest Music note. (Enter amounts to the nearest dollar.) Journal Entry Date Feb 14, 2018 Accounts Debit Credit Jun 1: Loaned $12,000 cash to London Sounds, receiving a six-month, 11% note. Date Jun 1, 2018 Journal Entry Accounts Debit Credit Oct 31: Received a $5,500, 90-day, 14% note from Skip's Music on its past-due account receivable. Journal Entry Oct Date 31, 2018 Accounts Dec 1: Collected the maturity value of the London Sounds note. Journal Entry Accounts Date Dec 1, 2018 Debit Credit Debit Credit Dec 31: Make an adjusting entry to accrue interest on the Skip's Music note. (Use a 360-day year for your calculation. Enter amounts to the nearest dollar.) Date Dec 31, 2018 Journal Entry Accounts Debit Credit