QS Algo Note receivable interest and maturity LO P
On December Daw Company accepts a $day, note from a customer.
Prepare the yearend adjusting entry to record accrued interest revenue on December
Prepare the entry required on the note's maturity date assuming it is honored.
Note: Use days a year.
table Answer is complete but not entirely correct.NoDate,,General Journal,,Debit,CreditDecember Interest receivable,,Interest revenue,,
