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The main issue I'm having with this problem is the interest receivable entry, for some reason, I cant seem to get it right. Record the

The main issue I'm having with this problem is the interest receivable entry, for some reason, I cant seem to get it right.

Record the collection of the Lopez note at its maturity in 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Nov. 1 Loaned $13,200 cash to Manny Lopez on a 12 month, 10% note.

Date

Account Titles and Explanation

Debit

Credit

Nov. 1

Cash

enter a debit amount

enter a credit amount

Interest Receivable

enter a debit amount

enter a credit amount

Interest Revenue

enter a debit amount

enter a credit amount

Notes Receivable

enter a debit amount

enter a credit amount

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