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Journal entry worksheet Record the receipt of the interest on the note's maturity date. Note: Enter debits before credits. Journal entry worksheet Record the receipt
Journal entry worksheet Record the receipt of the interest on the note's maturity date. Note: Enter debits before credits. Journal entry worksheet Record the receipt of the payment for the full principal. Note: Enter debits before credits. Journal entry worksheet Record the interest accrued on the note as of December 31 . Note: Enter debits before credits. RecRoom Equipment Company recelved a(n) $9,200, slx-month, 9 percent note to settle an $9,200 unpald balance owed by a customer. a. The note is accepted by RecRoom on November 1, causing the company to Increase Its Notes Recelvable and decrease Its Accounts Recelvable. b. RecRoom adjusts its records for Interest earned to Its December 31 year-end. c. RecRoom recelves the Interest on the note's maturity date. d. RecRoom recelves the princlpal on the note's maturity date. Requlred: Prepare journal entrles to record the above transactions for RecRoom. (If no entry is requlred for a transactlon/event, select "No Journal Entry Required" In the flrst account fleld. Do not round Intermedlate calculations.) Journal entry worksheet Record the receipt of a note on November 1 for $9,200 to settle an outstanding accounts receivable balance of a customer. Note: Enter debits before credits
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