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Knowledge Check 01 On September 1 Yeart Dallas Corporation accepts a $30,000 six month, 12 percent promissory note from one of its clients. The year-end

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Knowledge Check 01 On September 1 Yeart Dallas Corporation accepts a $30,000 six month, 12 percent promissory note from one of its clients. The year-end adjustment to accrue interest revenue on December 31. Year 1 will include a Multiple Choice $300 debit to interest Receivable $1,800 debit to interest Receivable $1,200 credit to interest Revenue $1800 credit to interest Revenue

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