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Business, 24.11.2020 21:40 TH3L0N3W0LF

On August 1, Kim Company accepted a 90-day note receivable as payment for services provided to Hsu Company. The terms of the note were $9,000 face value and 7% interest. On October 30, the journal entry to record the collection of the note should include a a. Interest Revenue for $358. b. Credit to Interest Revenue for $158. c. Notes Receivable for $258. d. Interest Receivable for $58.

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On August 1, Kim Company accepted a 90-day note receivable as payment for services provided to Hsu C...
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