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How can make adjustment journal entries on December

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Question - On May 1, 2021 the company sold their equipment to a customer, and in exchange, the company agreed to receive a the 9-month note receivable shown on the Trial Balance. The customer pays interest every three months for the past three months (Aug 1st, Nov 1st, Feb 1st). The interest rate on the note is: 5%. Note receivable amount is on Trial balance: $15,653. How can make adjustment journal entries on December 31, 2021 using (Alternative method)?

Reference no: EM132835932

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