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On December 1 , Daw Company accepts a $32,000,45-day, 9% note from a customer. (1) Prepare the year-end adjusting entry to record accrued interest revenue

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On December 1 , Daw Company 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.) Journal entry worksheet Record the year-end adjustment related to this note, if any

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