On November 1, 2018, Lendern,he loaned an employee S100 000 at 6% with both the...
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Accounting
On November 1, 2018, Lendern,he loaned an employee S100 000 at 6% with both the interest and principal due in one year. No ac usting entries have been recorded in connection with this note. The adjusting entry to record the interest earned but not received as of December 31, 2018 includes a Mutiple Choice debt to Interest Recetvable of $6,000 debit to Interest Payable of $6,000 debt to Cash of $5.000 debt to interest Recevable of $1,000 debt to interest Revenue of $1,000
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