Hello, Accounting Question. On August 31st 2019, Jenkins inc lends 93,000 to Ulloa co. for 7 months. The note receivable is established with a 6% annual interest rate and the terms of the note states the principal and interest will be due and paid on april 1 2020. What adjusting journal entry is needed to accure revenue earned for 2019 before Jenkins co prepares financial statements on December 31, 2019?

Besides that what is an easy way to remember the formula for this?

First try I got 1860, friends answer was 3720.