On November 1,2017,Kelemen Jewelers accepted a 3-month,15% note for $6,000 in settlement of an overdue account receivable.The accounting period ends in December.Give the journal entry to record the accrued interest at the year end.

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The Answer of On November 1,2017,Kelemen Jewelers accepted a 3-month,15% note for $6,000 in settlement of an overdue account receivable.The accounting period ends in December.Give the journal entry to record the accrued interest at the year end.

On November 1,2017,Kelemen Jewelers Accepted a 3-Month,15% Note for $6,000