Question: 5. Received a 90 days, $4,000, 2% note on Oct 30, 2021 from a customer to settle their account. a. What account should be

5. Received a 90 days, $4,000, 2% note on Oct 30, 2021

5. Received a 90 days, $4,000, 2% note on Oct 30, 2021 from a customer to settle their account. a. What account should be credited when the note is received by the business? (1 pt) b. How much accrued interest revenue must be recorded at December 31, 2021? Show your calculation. (2 pts) c. State one account and its amount that should be recorded at the time the note matures. Also, state if such account should be debited or credited. (3 pts)

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