On November 19, Nicholson Company receives a $15,000, 60-day, 8% note from a customer as payment on account. What adjusting entry should be made on the December 31 year-end

Dr Interest Receivable $140

Cr Interest Revenue $140.

Explanation:

Based on the information given we were told that On November 19 the Company receives the

amount of $15,000 which includes a 60-day, 8% note from a customer which means that the adjusting Journal entry that should be made on the December 31 year-end will be :

Dr Interest Receivable $140

Cr Interest Revenue $140

(15,000*8%*42days/360 days)

Note that November 19 to December 31 will gives us 42 days while 360 days represent the numbers of days in a year

the correct answer would be b, when, queen, calder hall and london.

explanation:

we always capitalize words when a paragraph or sentence is starting, when an important name is used, when a place is being written, or simply when a noun is used, etc. so in this sentence, sentence is starting from 'when', so it will be written in capital letters. secondly, queen is considered to be an important person, so it will also be written in capital letter. next, the name of the town is mentioned, i-e calder hall, which will also be written in capital letters. in the last,   city name is being used, 'london', which will also be written in capital letters. so option b is the most appropriate one.

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