Answer:
Dr Cash 56,364
Cr Notes Receivable 52,800
Cr Interest Receivable 1,980
Cr Interest Revenue 1,584
Explanation:
Preparation for what entry must it make to record the collection of the note and interest at its maturity date
Dr Cash 56,364
($52,800+1,980+1,584)
Cr Notes Receivable 52,800
Cr Interest Receivable 1,980
Cr Interest Revenue 1,584
[52,800*9%*(3months/9 month)]