AB 116 WEEK 2 Journalize the October transactions and the October 31 adjusting entry for accrued interest receivable. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. Use 360 days for calculation. Round intermediate calculations to 5 decimal places, e.g. 1.25252 and the final answers to 0 decimal places, e.g. 125.)
Problem 9-6A
Farwell Company closes its books monthly. On September 30, selected ledger account balances are:
Notes Receivable $39,300
Interest Receivable 314
Notes Receivable include the following.
Date Maker Face Term Interest
Aug. 16 K. Goza Inc. $ 13,200 60 days 12%
Aug. 25 Holt Co. 10,500 60 days 11%
Sept. 30 Noblitt Corp. 15,600 6 months 13%
Interest is computed using a 360-day year. During October, the following transactions were completed.
USA 
India