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Pharoah Company holds Blue Spruce Corp. $52800, 90-day, 9 note. The entry made by Pharoah Company when the note is collected, assuming no interest has

Pharoah Company holds Blue Spruce Corp. $52800, 90-day, 9 note. The entry made by Pharoah Company when the note is collected, assuming no interest has previously been accrued is: (Use 360 days for calculation.) 53988 Accounts Receivable Notes Receivable Interest Revenue 52800 1188 53980 Cash Notes Receivable Interest Revenue 52600 1188 Accounts Receivable 53988 Notes Revenue 52800 Interest Revenue 1188 Cash Notes Receivable 52800 52800

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