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QS 7-15(Algo) Note receivable interest and maturity LO P4 On December...

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Accounting

QS 7-15(Algo) Note receivable interest and maturity LO P4
On December 1, Daw Company accepts a $36,000,45-day, 10% 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.
Note: Use 360 days a year.
\table[[x Answer is complete but not entirely correct.],[No,Date,,General Journal,,Debit,Credit],[1,December 31,Interest receivable,,,130,],[,Interest revenue,,O?,,130
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