< Question 1 of 5 > THIS test: 50 point(s) possible This question: 10 point(s) possible Submit tes Record the following transactions in the journal of Brown's Music, Inc. Explanations are not required. Use a 360-day year for interest computations and round to the nearest dollar. (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from any journal entries.) Dec 19: Received a $1,000, 90-day, 12% note on account from Jazz Music. Journal Entry Date Accounts Dec 19, 2017 Note receivable - Jazz Music Cash Debit Credit 1000 1000 Dec 31: Made an adjusting entry to accrue interest on Jazz Music note. (Use a 360-day year for your calculation. Enter amounts to the nearest dollar.) Journal Entry Date Accounts Dec 31, 2017 Interest receivable Interest revenue Debit Credit 30 30 Time Remaining: 02:49:39 Next More info 12 2017 Dec 19 2018 31 Received a $1,000, 90-day, 12% note on account from Jazz Music. Made an adjusting entry to accrue interest on Jazz Music note. Mar 18 Collected the maturity value of Jazz Music note. Jun 1 Oct 31 Dec 1 Dec 31 Loaned $8,000 cash to Lincoln Music, receiving a six-month, 11% note. Received a $2,000, 90-day, 13% note from ZZZ Music on its past-due account receivable. Collected the maturity value of the Lincoln Music note. Make an adjusting entry to accrue interest on the ZZZ Music note. Mar 18: Collected the maturity value of Jazz Music note. (Enter amounts to the nearest dollar.) Date Mar 18, 2018 Cash Interest revenue Journal Entry Accounts Debit Credit Interest receivable Note receivable - Jazz Music Jun 1: Loaned $8,000 cash to Lincoln Music, receiving a six-month, 11% note. Date Jun 1, 2018 Journal Entry Accounts Debit Credit Oct 31: Received a $2,000, 90-day, 13% note from ZZZ Music on its past-due account receivable. Date Oct 31, 2018 Journal Entry Accounts Dec 1: Collected the maturity value of the Lincoln Music note. Journal Entry Date Dec 1, 2018 Accounts Debit Credit Debit Credit Dec 1: Collected the maturity value of the Lincoln Music note. Date Dec 1, 2018 Journal Entry Accounts Debit Credit Dec 31: Make an adjusting entry to accrue interest on the ZZZ Music note. (Use a 360-day year for your calcula Journal Entry Date Dec 31, 2018 Accounts Debit Credit