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10 102/12 s Tryco loans $60,000 to another company on 10/31/23 in exchange for a 10%, 6-month Note Receivable. The note matures on 4/30/24.
10 102/12 s Tryco loans $60,000 to another company on 10/31/23 in exchange for a 10%, 6-month Note Receivable. The note matures on 4/30/24. Journalize all required entries. 10/31/23 12/31/23 4/30/24 > < < Notes Receivable Cash Interest Receivable Interest Revenue Cash Notes Receivable < 60000 1000 63000 Interest Revenue 0 < > > > 60000 1000 0 60000 x 3000 0 x Interest Revenue x 3000
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