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QS 7-14 (Algo) Note receivable interest and maturity LO P4 On December 1, Daw Company accepts a $46,000,45-day, 9% note from a customer. (1) Prepare
QS 7-14 (Algo) Note receivable interest and maturity LO P4 On December 1, Daw Company accepts a $46,000,45-day, 9% note from a customer. (1) Prepare the year-end 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 days a year. Journal entry worksheet Record the year-end adjustment related to this note, if any. Note: Enter debits before credits. Journal entry worksheet 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
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