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On August 1, Kim Company accepted a 90-day not receivable as payment for services provided to Hsu Company. The terms of the note assuming were
On August 1, Kim Company accepted a 90-day not receivable as payment for services provided to Hsu Company. The terms of the note assuming were $9,600 face value and 5% interest. On October 30, the journal entry to record the collection of the a 360-day year, should include a une note. Oa. credit to Interest Revenue for $120 Ob. debit to Interest Receivable for $105 Oc. credit to Notes Receivable for $155 Od. debit to Notes Receivable for $135
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