Johnathan Company is holding a $6,000, 90-day, 6% note receivable, dated December 1, 2019. The journal entry to record accrued interest at the end of its fiscal year on December 31, 2019 will include a:
A) Debit to interest receivable for $30
B) Credit interest income for $90
C) Credit note receivable for $6,000
D) Debit cash for $6,090
Correct Answer:
Verified
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