Anya's Boutique has a note receivable. During the current year, Anya's Boutique has earned accrued interest revenue of $850 that it will collect next year. Prepare the journal entry to (A) record the accrued revenue and (B) to record the payment that Anya's Boutique will receive next year.

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The Answer of Anya's Boutique has a note receivable. During the current year, Anya's Boutique has earned accrued interest revenue of $850 that it will collect next year. Prepare the journal entry to (A) record the accrued revenue and (B) to record the payment that Anya's Boutique will receive next year.

Anya's Boutique Has a Note Receivable