I DONT KNOW WHY IT IS SAYING INTEREST REVENUE IS NOT THE CORRECT TITLE IS THERE ANOTHER OPTION? On August $1,$ Golden Valley Ltd$.$ accepted a $$27,000$ note from Borges Ltd$.$ in settlement of an account receivable. The note bears

interest of $6\%$ and both principal and interest are due in two months, on October $1.$ Interest on the note was accrued on August $31$ and

on September $30.$ On October $1,$ Borges paid the note, including the accrued interest. Prepare the journal entries required to record

the above transactions. $($List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered.

Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Record entries in the order

displayed in the problem statement.$)$

Date Account Titles and Explanation

Debit

Credit

Notes Receivable

Accounts Receivable

Interest Receivable

Interest Revenue

Interest Receivable

Interest Revenue

Cash

Interest Receivable

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