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Pelosi Co. holds Gavin Inc.' s $30,000, 120-day, 9% note. The entry made by Pelosi Co. when the note is collected, assuming no interest has
Pelosi Co. holds Gavin Inc.' s $30,000, 120-day, 9% note. The entry made by Pelosi Co. when the note is collected, assuming no interest has previously been accrued is: A Cash 30,000 Notes Receivable 30,000 B Accounts Receivable 30,900 C Notes Receivable 30,000 Interest Revenue 900 Cash 30,900 Notes Receivable 30,000 Interest Revenue 900 Accounts Receivable 30,900 D Notes Revenue 30,000 Interest Revenue 900
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