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On November 1 , Bahama National Bank lends $3 5 million and accepts a six-month,...

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Accounting

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On November 1 , Bahama National Bank lends $3 5 million and accepts a six-month, 9% note receivable interest is due at maturity Record the acceptance of the note and the appropriate adjustment for interest revenue at December 31, the end of the reporting period (If no journal entry required" in the first account field. Enter your answers in dollars, not in millions (Le. 5 should be entered as 5,000,000)) 1 View transaction list ournal entry worksheet Record the adjustment for interest Note: Enter debits before credits Date General Journal redit December Interest receivable 31 nterest revenue

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