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Brief Exercise 3-8 Included in Coronado Company’s December 31 trial balance is a note receivable of...

Brief Exercise 3-8 Included in Coronado Company’s December 31 trial balance is a note receivable of $13,080. The note is a 4-month, 10% note dated October 1. Prepare Coronado’s December 31 adjusting entry to record $327 of accrued interest, and the February 1 journal entry to record receipt of $13,516 from the borrower. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit

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Date Account Debit Credit
Dec 31 Interest receivable 327
Interest revenue 327
Feb 1 Cash 13,516
Notes Receivable 13,080
Interest receivable 327
Interest revenue 109
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