QS $7-15($Algo$)$ Noite receivable interest and maturity LO P$4$

Gn December $1,$ Daw Company accepts a $$36,000,45-$day, $10\%$ note from a custemer.

$(1)$ Prepare the year$-$erid adjusting entry to record accrued interest revenue on December $31.$

$(2)$ Prepare the entry required on the note's maturity date assuming it is honored:

Note: Use $360$ day$$ a year.

Journal entry worksheet

$(1)-2$

Record the journal entry on the note's maturity date assuming it is honored.

Assume Daw Company does not prepare reversing entries.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Gredit$],[$January $15,7,36,450,],[$Interest receivable,,$],[,,36,000],[,,],[,,],[,,]]$

Prev

$9$ of $16$