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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 1, a company accepts a $100,000,45-day, 12% note from a customer.
a. Prepare the year-end adjusting entry to record accrued interest revenue on December 31.
b. Prepare the entry required on the note's maturity date assuming it is honored.
Note: Use 360 days a year.)
Journal entry worksheet
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Record the year-end adjusting entry to record accrued interest revenue on December 31.
Note: Enter debits before credits.
\table[[Date,General Journal,Debit,Credit],[\table[[December],[31]],Interest receivable,,],[,Interest revenue,,],[,,,],[,,,],[,,,],[,,,]]
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