Journalize all transactions for Bird’s Eye Music B i r d ‘ s E y e M u s i c . Round all amounts to the nearest dollar. (For notes stated in days, use a 360-day year.) 20112011 Dec. 6 Received a $6,000, 90-day, 15% note on account from BoE PublishingBoE Publishing. 31 Made an adjusting entry to accrue interest on the BoE PublishingBoE Publishing note. 31 Made a closing entry for interest revenue. 2012 Mar. 6 Collected the maturity value of the BoE PublishingBoE Publishing note. Jul. 1 Loaned $10,000 cash to Main Street MusicMain Street Music, receiving a 6-month, 14% note. Oct. 2 Received a $2,600, 60-day, 14% note for a sale to Skip’s MusicSkip’s Music. Ignore cost of goods sold. Dec. 1 Skip’s MusicSkip’s Music dishonored their note at maturity; wrote off the note as uncollectible, debiting Allowance for uncollectible notes. 30 Collected the maturity value of the Main Street MusicMain Street Musicnote.
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