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Q8.16: Lowery Company has received payment upon the maturity date on a $6,000 note from Basket Corporation. If no accrual of interest of $100 has

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Q8.16: Lowery Company has received payment upon the maturity date on a $6,000 note from Basket Corporation. If no accrual of interest of $100 has been made, journalize the appropriate entry. Allowance for Doubtful Accounts Notes Receivable 6000 6000 B Cash Accounts Receivable 6100 6100 Accounts Receivable Interest Revenue 100 100 B 6100 Cash Accounts Receivable 6100 100 Accounts Receivable Interest Revenue 100 D 6100 Cash Notes Receivable Interest Revenue 6000 100

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