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

Dec. 6,2025 Received a $16,000,90-day, 6% note in settlement of an overdue accounts receivable from Jazz Music.
Dec. 31,2025 Made an adjusting entry to accrue interest on the Jazz Music note.
Dec. 31,2025 Made a closing entry for interest revenue.
Mar. 6,2026 Collected the maturity value of the Jazz Music note.
Jun. 30,2026 Loaned $15,000 cash to MM Music, receiving a six-month, 16% note.
Oct. 2,2026 Received a $4,000,60-day, 16% note for a sale to Voice Publishing. Ignore Cost of Goods Sold.
Dec. 1,2026 Voice Publishing dishonored its note at maturity.
Dec. 1,2026 Wrote off the receivable associated with Voice Publishing. (Use the allowance method.)
Dec. 30,2026 Collected the maturity value of the MM Music note.
Dec. 6,2025 Received a $16,000,90-day, 6% note in settlement of an

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