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On December 1 , a company accepts a $ 1 0 0 , 0 0 0 , 4 5 - day, 1 2 % note
On December a company accepts a $day, note from a customer.
a Prepare the yearend adjusting entry to record accrued interest revenue on December
b Prepare the entry required on the note's maturity date assuming it is honored.
Note: Use days a year.
Journal entry worksheet
Record the yearend adjusting entry to record accrued interest revenue on December
Note: Enter debits before credits.
tableDateGeneral Journal,Debit,CredittableDecemberInterest receivable,,Interest revenue,,
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