Business, 23.02.2021 19:20 adamkinney9345
December 1 , 2025 , Grand Company accepted a 6 - month , 15 % note for $ 16,800 in settlement of an overdue account receivable . Interest revenue was accrued through December 31 , 2025. Grand receives the maturity valuOne of the note at maturity . The journal entry final answers to the nearest dollar ) A Cash 18,060 Note Receivable 16 Interest Revenue 800/260 18,060 B ) Cash Note Receivable Interest Receivable Interest Revenue 16.800 1050 ) Cash Interest Revenue Notes Receivable 16,800 1260 18,060 18,060 D Cash Note Receivable Interest Receivable Interest Revenue 210 1050
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December 1 , 2025 , Grand Company accepted a 6 - month , 15 % note for $ 16,800 in settlement of an...
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