Question: Dec. 6 , 2 0 2 5 Received a $ 8 , 0 0 0 , 9 0 - day, 1 0 % note in

Dec. 6,2025 Received a $8,000,90-day, 10% note in settlement of an overdue accounts receivable from Concord Sounds.
Dec. 31,2025 Made an adjusting entry to accrue interest on the Concord Sounds note.
Dec. 31,2025 Made a closing entry for interest revenue.
Mar. 6,2026 Collected the maturity value of the Concord Sounds note.
Jun. 30,2026 Loaned $14,000 cash to Oppie's Publishing, receiving a six-month, 18% note.
Oct. 2,2026 Received a $6,000,60-day, 18% note for a sale to Salem Sounds. Ignore Cost of Goods Sold.
Dec. 1,2026 Salem Sounds dishonored its note at maturity.
Dec. 1,2026 Wrote off the receivable associated with Salem Sounds. (Use the allowance method.)
Dec. 30,2026 Collected the maturity value of the Oppie's Publishing note.
Dec. 6,2025 Received a $8,000,90-day, 10% note in settlement of an

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