On June 30,2017,Whiggins Company Received $60,000 from Carrington Finance Inc

On June 30,2017,Whiggins Company received $60,000 from Carrington Finance Inc.in exchange for a promissory note.The terms of the note required Whiggins Company to repay Carrington on June 30,2019,the principal amount plus interest at 8% compounded semi-annually.
Due to financial difficulties,Whiggins could not make the repayment as scheduled.On June 30,2019,Carrington agreed to extend the terms of repayment by one year,to June 30,2020.However,accounting staff at Carrington was unaware of the change in repayment terms and did not record the effects of the note restructuring during 2019.The error was discovered on June 30,2020,when Whiggins paid Carrington $70,192 in fulfillment of the terms of the restructured note.
Carrington has a December 31 year-end.No interest had been accrued between the original repayment date and the extended repayment date.
Required:
Record any adjusting journal entries necessary to correct the error in Carrington's accounting records for the note receivable from Whiggins Company.