Chart of Accounts

Note: Interest Earned is Interest Revenue in the textbook?

Note: Interest is calculated to exactly $2$ decimal places.

Note: The two credit accounts must be in alphabetical order.

Accounts Receivable

Cash

Interest Earned

Interest Receivable

Notes Receivable

Page GJ$1$

Credit

To record the conversion of a customer's account to a $9\%,30$ day note dated Aug $20,2024.$

To record the collection of the principal and interest.