Question: On September 15, 2021, Oliver's Mortuary received a $6,000 , nine-month note bearing interest at an annual rate of 10% from the estate of Jay

On September 15, 2021, Oliver's Mortuary received a

$6,000

, nine-month note bearing interest at an annual rate of

10%

from the estate of Jay Hendrix for services rendered. Oliver's has a December 31 year-end. What adjusting entry will the company record on December 31, 2021?

On September 15,2021 , Oliver's Mortuary received a $6,000, nine-month note bearing interest at an annual rate of 10% from the estate of Jay Hendrix for services rendered. Oliver's has a December 31 year-end. What adjusting entry will the company record on December 31, 2021

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