How to solve interest revenue(445)? Oct 1 Dec 6 Loaned $17,000 cash...
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How to solve interest revenue(445)?
Oct 1 Dec 6 Loaned $17,000 cash to Jill Wateman on a one-year, 8% note. Performed service for Fairway Pro, receiving a 90-day, 10% note for $14,000. Received a $5,000, six-month, 5% note on account from Paulson Company Accrued interest revenue for the year. Dec 16 Dec 31 Accrue interest revenue on all of the notes in one entry. (Use a 365-day year for ALL interest computations. Round intermediary calculations and your final answer to the nearest whole dollar.) Journal Entry Date Debit Credit Accounts 31 Interest Receivable Dec 445 Interest Revenue 445
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