Question: please solvr this fast Frame Co. has an 8% note receivable dated June 30, Year 1 , in the , original amount of $150,000. Payments

please solvr this fast

Frame Co. has an 8% note receivable dated June 30, Year 1 , in the , original amount of $150,000. Payments of $50,000 in principle plus accrued interest are due annually on July 1, Year 2, Year 3 , and Year 4. Record the needed adjusting entry on June 30 , Year 3 to record interest revenue. Note that Frame Co. uses a fiscal year ending June 30 as its accounting period

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