The following is a list of outstanding notes receivable as of December 31, 20--:

REQUIRED
1. Compute the accrued interest at the end of the year.
2. Prepare the adjusting entry in the generaljournal.

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Date of Note No. of Days Maker Interest Term Principal 60 days K. Savelin R. Hillier B. Miranda R. Hansen 12/15/-- 12/3/-- $1,000 5,000 2,800 7,500 10% 16 28 31 43 90 90 12 11/30/-- 11/18/-- 120