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Dec 31: Make an adjusting entry to accrue interest on the Tusk Music note. (Use a 360-day year for your calculation. Enter amounts to the

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Dec 31: Make an adjusting entry to accrue interest on the Tusk Music note. (Use a 360-day year for your calculation. Enter amounts to the nearest Journal Entry Accounts Date Debit Credit Dec 31, 2018 Interest receivable Interest revenue Choose from any list or enter any number in the input fields and then click Check Answer Oct 31: Received a S4.500, 90-day, 13% note from Tusk Music on its past-due account receivable. Journal Entry Date Accounts Debit Credit 4,500 Oct 31, 2018 Note receivable- Tusk Music Accounts receivable- Tusk Music 4,500

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