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Sunland Company holds Skysong, Inc. $37200, 150-day, 9% note. The entry made by Sunland Company when the note is collected, assuming no interest has previously

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Sunland Company holds Skysong, Inc. $37200, 150-day, 9% note. The entry made by Sunland Company when the note is collected, assuming no interest has previously been accrued is: (Use 360 days for calculation) Accounts Receivable 38595 Notes Revenue 37200 Interest Revenue 1395 O Accounts Receivable 38595 Notes Receivable 37200 Interest Revenue 1395 Cash 37200 Notes Receivable 37200 Cash 38595 Notes Receivable 37200 Interest Revenue 1395

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