On November 1, 2019, Yellow Grove Co. sold $45,000 of goods and accepted a note bearing 8% interest. The note was due in one year. Required: a. Prepare the journal entry for accrued interest on December 31, 2019. b. Record the collection of the note on October 31, 2020, assuming the accrual entry above was reversed on January 1, 2020. 1 2 GENERAL JOURNAL DATE ACCOUNT TITLE PAGE 10 POST. REF. DEBIT CREDIT 1 2 3 GENERAL JOURNAL DATE ACCOUNT TITLE PAGE 10 POST. REF. DEBIT CREDIT