Moiton cos assets include notes receivable from customers

Reference no: EM13604117

Moiton Co.'s assets include notes receivable from customers. During fiscal 2010, the amount of notes receivable averaged $45,300, and the interest rate of the notes averaged 8.7%. Prepare a journal entry that accrues the interest income earned from the notes. (Round your answers to the nearest dollar amount.

Reference no: EM13604117

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