On august 1, kim company accepted a 90-day note receivable as payment for services provided to hsu company. the terms of the note were $10,000 face value and 6% interest. on october 30, the journal entry to record the collection of the note should include a

The journal entry would be:

Explanation:

Note: Options are missing so providing the journal entry.

The journal entry would be for recording the collection of the note is:

October 30

Cash A/cDr      $10,150

    Interest Revenue A/cCr     $150

    Notes Receivable A/cCr    $10,000

On October 30, the amount is collected so the any increase in cash is debited. Therefore, cash account is debited. And it is collected against a  notes Receivable  of $10,000 so it leads to decrease in liability, it is credited. Therefore, the notes receivable is credited. And the interest revenue is credited.

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explanation:

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