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(1) Prepare the year-end adjusting entry to record accrued interest revenue on December 31. ...

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Accounting

(1) Prepare the year-end adjusting entry to record accrued interest revenue on December 31.
(2) Prepare the entry required on the note's maturity date assuming it is honored.
Note: Use 360 days a year.
Journal entry worksheet
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Record the year-end adjustment related to this note, if any.
Note: Enter debits before credits.
\table[[Date,General Journal,Debit,Credit],[\table[[December],[31]],.,,],[,,,],[,,,],[,,,],[,,,],[,,,]]
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