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Date Account Titles and Explanation Debit Credit 4/1/22 Notes Receivable 20200 Accounts Receivable 7/1/22 Notes Receivable Cash 12/31/22 V Interest Receivable 4/1/23 Interest Revenue
Date Account Titles and Explanation Debit Credit 4/1/22 Notes Receivable 20200 Accounts Receivable 7/1/22 Notes Receivable Cash 12/31/22 V Interest Receivable 4/1/23 Interest Revenue (To record interest at 10%) (To record interest at 8%) Interest Revenue Accounts Receivable Notes Receivable (To record principal plus interest on the Goodwin notel (To record note dishonoured) 22200
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