Accrued Interest Receivable The following is a list of outstanding notes receivable as of December 31, 20: Maker K. Savelin R. Hillier B. Miranda R. Hansen 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. Date of Note Principal Interest Term No. of Days 12/15/- 12/3/-- 11/30/- $1,000 5,000 2,800 7,500 60 days 90 90 120 16 28 31 43 5% 8 7 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 DOC. POST O. REF. DATE ACCOUNT TITLE DEBIT CREDIT 1 20-- Dec. 31 Accrued Interest Receivable Accrued Interest Payable 2