On December 1, Daw Co. accepts a $44,000, 45-day, 12% note from a customer. (1)...
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Accounting
On December 1, Daw Co. accepts a $44,000, 45-day, 12% note from a customer. (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. (Use 360 days a yea View transaction list Journal entry worksheet Record the year-end adjustment related to this note, if any. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31
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