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The interest accrued to 31 December 2019 on notes receivable is composed of the following: Platteville...

The interest accrued to 31 December 2019 on notes receivable is composed of the following:
Platteville Plumbers, 12%, 6 months, due March 31, 2020 $1,350 Bilder Construction, 14%, 6 months, due June 14,2020 295 Beverly’s Building, 12%, 6 months, due June 26, 2020 23 Total $1,668
Note that the balance in notes receivable account of $45,000 that appeared on the trial balance on November 30, 2019 is a note receivable from Platteville Plumbers.

prepare adjusting entry as on 31 dec 2019

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Journal entry
Date Account Titles and Explanations Debit Credit
31-12-2019 Interest Receivable $         1,668
To, Interest Revenue ($1350+$295+$23) $         1,668
( To record accrued interest revenue)
31-12-2019 Notes receivable $       45,000
To, Platteville Plumber $       45,000
( To record notes receivable)
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