Outline page 28, the journal entry for the collection for Note Receivable #3 would credit Interest Revenue for $_______

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Requirement 3: Journalize the collection of the principle and interest (maturity value) for all three notes. (see page 25) General Journal Credit Debit Account Name Cash Interest Receivable Interest Revenue Note Receivable # 1 850 1,190 General Journal Debit 9.270 Credit Account Name Cash Interest Receivable Interest Revenue Note Receivable # 2 General Journal Debit Account Name Credit Cash Interest Receivable Interest Revenue 24 6,000 Note Receivable # 3 Requirement 3: Journalize the collection of the principle and interest (maturity value) for all three notes. (see page 25) General Journal Credit Debit Account Name Cash Interest Receivable Interest Revenue Note Receivable # 1 850 1,190 General Journal Debit 9.270 Credit Account Name Cash Interest Receivable Interest Revenue Note Receivable # 2 General Journal Debit Account Name Credit Cash Interest Receivable Interest Revenue 24 6,000 Note Receivable # 3