Chapter 9, Problem P9.33APGA

To determine

Notes receivable and accrued interest:

Notes receivable are issued in business on account transactions, where the borrower accepts the note to pay it at a later date with interest on the principal amount due. The due date of the note is also called the maturity date. The Maturity value of the note is the sum of the principal amount and the interest due.

To prepare: The journal entries for the give Note receivable transactions