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2. On December 1, 2022, Pine, Inc. received a 10 month note receivable from one of its customers with a 5% annual interest rate with
2. On December 1, 2022, Pine, Inc. received a 10 month note receivable from one of its customers with a 5% annual interest rate with both the note and the interest due on October 1, 2023. This note was issued for $24,000 and the appropriate journal entry was made. Make the necessary journal entry on Pine's books for December 1, 2022 (the date the note was received), the December 31" adjusting journal entry to record interest, as well as the October 1, 2023 payment from the customer for payment of all amounts owed to Pine (both interest and principal amount due)
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