Business, 28.08.2019 03:00 mmagee2020

Acompany receives interest on a $30,000, 8%, 5-year note receivable each april 1. at december 31, 2010, the following adjusting entry was made to accrue interest receivable: interest receivable 1,800interest revenue 1,800assuming that the company does not use reversing entries, what entry should be made on april 1, 2011 when the annual interest payment is received? a. cash 600interest revenue 600b. cash 1,800interest receivable 1,800c. cash 2,400interest receivable 1,800interest revenue 600d. cash 2,400interest revenue 2,400

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Acompany receives interest on a $30,000, 8%, 5-year note receivable each april 1. at december 31, 20...

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