d On December 1, Daw Company accepts a $38,000, 45-day, 6% note from a customer. (1)...
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d On December 1, Daw Company accepts a $38,000, 45-day, 6% note from a customer. (1) Prepare the year-end adjusting entry to record accrued interest revenue on December 31. (2) Prepare the entry required on the note's maturity date assuming it is honored. Note: Use 360 days a year. No Date: General Journal 1 December 31 Interest receivable Interest revenue 2 January 15 Cash Notes receivable Interest receivable Interest revenue Debit Credit d On December 1, Daw Company accepts a $38,000, 45-day, 6% note from a customer. (1) Prepare the year-end adjusting entry to record accrued interest revenue on December 31. (2) Prepare the entry required on the note's maturity date assuming it is honored. Note: Use 360 days a year. No Date: General Journal 1 December 31 Interest receivable Interest revenue 2 January 15 Cash Notes receivable Interest receivable Interest revenue Debit Credit
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