journalize the entries to record the receipt of, Financial Accounting

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journalize the entries to record the receipt of

Journalize the entries to record the receipt of the amounts due on Notes (5) and (6) in January.
Date Face Amount Term Interest Rate
5. Nov. 15 $54,000 60days 6%
6. Dec. 27 $40,500 30days 4%

Note Due Date Interest Due At Maturity
(5) Jan 14: $540
(6) Jan 26: $135

What is the Interest Receivable and Interest Revenue?

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Financial Accounting: journalize the entries to record the receipt of

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Financial Accounting: journalize the entries to record the receipt of

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