Accrued Interest Receivable The following is a list of outstanding notes receivable as of December 31, 20-- Maker Date of Note Principal Interest Term No. of Days K. Savelin R. Hillier 5% 6 2 12/15/- 12/3/-- 11/30/ -- 11/18/-- $1,300 4,600 2,400 7,700 60 days 90 90 120 16 8 31 43 B. Miranda 8 R. Hansen 7 Required: 1. Compute the accrued interest at the end of the year. Round interim calculations and final answer to the nearest cent. Assume 360 days in a year. 2. Prepare the adjusting entry in the general journal. Enter amounts to the nearest cent. If an amount box does not require an entry, leave it blank. Page: CREDIT DATE ACCOUNT TITLE DO POC NO. REF. DEBIT 1 20-- Dec. 31 N w