On April $1,2023,$ ABC company accepts a $$100,000,8\%$ note receivable from an employee. The note receivable and all interest are due on March $31,2024($one year later$).$ What is the amount of interest revenue that will be recorded in $2023$ and $2024?$

$\backslash$table$[[$Interest revenue to record in $2023$:$,],[$Interest revenue to record in $2024$:$,]]$

Record the journal entries requires on Dec $31,2023$ and March $31,2024.$ No memos needed.

$\backslash$table$[[$Date$,$Account,Debit,Credit$],[,,,],[,,,],[,,,],[,,,]]$