Dec 15 Beacon sells 3 acres of land for $15,000. It receives $5,000 in

cash and a mortgage note for the rest. The note carries interest at 10% and the

principal amount is due in 8 years. Assume that all the land had a uniform cost

per acre when it was purchased by Beacon.

A8 Compute and record the accrued interest revenue on the note received as

partial payment for the 3 acres of land sold earlier in the month.

Given the information from December, I need help with part A8. Thank you.