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Unformatted text preview: any make (assuming the debtor pays them)?
3/31/12: Debit: Interest Receivable $150
Interest Revenue $150 Then: Debit: Cash $10,300
Credit: Interest Receivable $300
Credit: Notes Receivable $10,000 If the note is dishonored (not paid at maturity), then covert the note plus interest to an accounts
Debit: Accounts Receivable $10,300
Credit: Notes Receivable $10,000
Credit: Interest receivable $300 Other Receivables: A non-trade receivable comes arises from other transactions not related to the sale
of merchandise or services, but company still has right to receive cash in the future (Ex. Travel advances,
employee loans, interest receivable, dividends receivable, etc.) 52...
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