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On November 19, Nicholson Company receives a dollar 18,600, 60-day, 10 percentage note from a customer as payment on account. What adjusting entry should be

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On November 19, Nicholson Company receives a dollar 18,600, 60-day, 10 percentage note from a customer as payment on account. What adjusting entry should be made on the December 31 year-end? (Use 360 days a year.) Debit Interest Receivable dollar 310; credit Interest Revenue dollar 310. Debit Interest Receivable dollar 217; credit Interest Revenue dollar 217. Debit Interest Revenue dollar 217; credit Interest Receivable dollar 217. Debit Interest Receivable dollar 93; credit Interest Revenue dollar 93. Debit Interest Revenue dollar 310; credit Interest Receivable dollar 310

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