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Sunland Company lends Monty industries $49200 on August 1, 2022, accepting a 9-month, 9% interest note. If Sunland Company accrued interest at its December 31,
Sunland Company lends Monty industries $49200 on August 1, 2022, accepting a 9-month, 9% interest note. If Sunland Company accrued interest at its December 31, 2022 year-end, what entry must it make to record the collection of the note and interest at its maturity date? Notes Receivable 49200 Interest Receivable 1845 Interest Revenue 1476 Cash 52521 Cash 52521 Notes Receivable 49200 Interest Receivable 1845 Interest Revenue 1476 Cash 52521 O Cash Notes Receivable 52521 49200 Interest Receivable 1845 Interest Revenue Cash Notes Receivable Cash Notes Receivable 52521 52521 1476 52521 49200 Interest Revenue 3321
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