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Question 7 At December 31, 2021, Wildhorse Company had a five-month, 6%, $97,200 note receivable that was issued on October 1, 2021. Interest and principal

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Question 7 At December 31, 2021, Wildhorse Company had a five-month, 6%, $97,200 note receivable that was issued on October 1, 2021. Interest and principal are payable at maturity on March 1, 2022. (a) Your answer is partially correct. Try again. Prepare the December 31, 2021, adjusting entry for accrued interest. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Debit Credit Date Account Titles and Explanation Dec. 31 Interest Receivable Interest Revenue (To accrue interest at year-end) SHOW LIST OF ACCOUNTS LINK TO TEXT SUBMIT ANSWER SAVE FOR LATER By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts: 2 of 15 used Version 4.24.21.1 735 PM So, Sons Inc. ENG 200021

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