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On December 1, Daw Co. accepts a $32,000, 45-day, 9% note from a customer. (1) Prepare the year-end adjusting entry to record accrued interest revenue
On December 1, Daw Co. accepts a $32,000, 45-day, 9% note from a customer. (1) Prepare the year-end adjusting entry to record accrued interest revenue on December 31. (2) Prepare the entry required on the note's maturity date assuming it is honored. (Use 360 days a year.) View transaction list Journal entry worksheet 1 2 2 > Record the year-end adjustment related to this note, if any. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general Journal On December 1, Daw Co. accepts a $32,000, 45-day, 9% note from a customer. (1) Prepare the year-end adjusting entry to record accrued interest revenue on December 31. (2) Prepare the entry required on the note's maturity date assuming it is honored. (Use 360 days a year.) View transaction list Journal entry worksheet 1 2 Record the journal entry on the note's maturity date assuming it is honored. Assume Daw Company does not prepare reversing entries. Note: Enter debits before credits. Date General Journal Debit Credit Jan 15 Record entry Clear entry View general Journal
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