On November 1,2018,Downtown Jewelers accepted a 3-month,15% note for $6,000 in settlement of an overdue account receivable.The accounting period ends on December 31.Prepare the journal entry to record the accrued interest at the year end.Omit explanation.

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The Answer of On November 1,2018,Downtown Jewelers accepted a 3-month,15% note for $6,000 in settlement of an overdue account receivable.The accounting period ends on December 31.Prepare the journal entry to record the accrued interest at the year end.Omit explanation.

On November 1,2018,Downtown Jewelers Accepted a 3-Month,15% Note for $6,000