Journalize the following transactions for Lucite Company.
November 14 Received a $4,800.00, 90-day, 9% note from Alan Albertson in payment of his account. December 31 Accrued interest on the Albertson note.
February 12 Received the amount due from Albertson on his note. 
Definitions:
Competitive Advantage
The advantage a company has over its competitors, allowing it to generate greater sales or margins and/or retain more customers.
Monopolistic Market
A market structure characterized by a single seller who has significant control over the market price and conditions, in contrast to perfect competition.
High Value
Refers to items or aspects considered of significant importance or worth, often due to their quality, utility, or rarity.
Continuous-Process Production
A manufacturing approach where materials are continuously in motion or being processed, resulting in a constant output.
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