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On December 1, Daw Co. accepts a $16,000, 45-day, 9% note from a customer. (1)...

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Accounting

On December 1, Daw Co. accepts a $16,000, 45-day, 9% note from a customer. (1) Prepare the year-end adjusting entry to record accrued interest revenue on December 31. (2) Prepare the entry required on the note's maturity date assuming it is honored. (Use 360 days a year.)

Record the year-end adjustment related to this note, if any.

Record the journal entry on the notes maturity date assuming it is honored. Assume Daw Company does not prepare reversing entries.

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