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Consider the following transactions for TC Company. Journalize all transactions for TLC Company. Round all...

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Accounting

Consider the following transactions for TC Company.
Journalize all transactions for TLC Company. Round all amounts to the nearest dollar. (For notes stated in days, use a 365-day year. Round your final answers to the nearest whole dollar. Record debits first, then credits, Exclude explanations
from journal entries.)
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More Info 2024 Dec. 6 Received a $80,000, 90-day, 5% note in settlement of an overdue accounts receivable from GG Publishing. Made an adjusting entry to accrue interest on the GG Publishing note. Made a closing entry for interest revenue. Dec. 31 Dec. 31 2025 Mar. 6 Jun. 30 Oct. 2 Collected the maturity value of the GG Publishing note. Loaned $13,000 cash to London Sounds, receiving a six-month, 16% note. Received a $2,000, 60-day, 16% note for a sale to Taconic Music. Ignore Cost of Goods Sold. Taconic Music dishonored its note at maturity. Wrote off the receivable associated with Taconic Music. (Use the allowance method.) Collected the maturity value of the London Sounds note. Dec. 1 Dec. 1 Dec. 30

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