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Posted on Sep 14, 2024

At December 3 1 , 2 0 2 4 , Pharoah Company had a five - month, 6 % , $ 1 0 7 ,

At December

31, 2024,

Pharoah Company had a five

-

month,

6 %,

107, 000

note receivable that was issued on October

1, 2024 .

Interest and principal are payable at maturity on March

1, 2025 .

Prepare the December

31, 2024,

adjusting entry for accrued interest

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