Required:

Drag and drop to record the following note receivable transaction in the journal of Stockings Hung Inc. Use a month count for interest calculations and round interest amount to the nearest dollar. Explanations are not required for your journal entries. Note: there will be unused responses when the question is complete. June 1 Loaned $60,000 cash to Claus Manufacturing Inc. on a one year, 8% note. Dec 31 Accrued interest revenue for the year.

Date	Account Name	DEBIT	CREDIT
June 1	blank	blank
	blank		blank
Dec 31	blank	blank
	blank		blank

Cash Service revenue Notes receivable Accounts receivable Interest payable Interest revenue Interest receivable Interest expense

4,800 2,400 2,800 60,000