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Oriole Company holds Wildhorse Co

Accounting

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Oriole Company holds Wildhorse Co. $45600, 120 day, 12% note. The entry made by Oriole Company when the note is collected, assuming no interest has previously been accrued is:

 

 

 

Cash

47424

Notes Receivable

45600

Interest Revenue

1824

 

Accounts Receivable

47424

Notes Revenue

45600

Interest Revenue

1824

 

Cash

45600

Notes Receivable

45600

 

Accounts Receivable

47424

Notes Receivable

45600

Interest Revenue

1824