On November 1, Bahama National Bank lends $3.1 million and accepts a six-month, 9% note receivable. Interest is due at maturity.Record the acceptance of the note and the appropriate adjustment for interest revenue at December 31, the end of the reporting period. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in dollars, not in millions (i.e. 5 should be entered as 5,000,000).)

Journal Entry Worksheet

Record the acceptance of the note.

Record the adjustment for interest.

Date

General Journal

Debit

Credit

November 01

*Enter debits before credits