Business, 19.10.2019 04:30 sarbjit879

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 $8,500 face value and 7% interest. on october 30, the journal entry to record the collection of the note should include a.
a) credit to interest revenue for $149
b) interest revenue for $349
c) notes receivable for $249
d) interest receivable for $49

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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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