Question: Question 10 (3 points) Hanson and Co has a 11-month note receivable that it issued on August 1, 2016 for 100,000 to replace an accounts

Question 10 (3 points) Hanson and Co has a 11-month note

Question 10 (3 points) Hanson and Co has a 11-month note receivable that it issued on August 1, 2016 for 100,000 to replace an accounts receivable. The interest rate for the note 6%. Prepare the accrual entry for December 31st ed to accrue interest at December 31st? What account is de What account is credited to accrue interest at December 31st? What is the amount of the interest accrued at 12/31/16? 1pt Extra credit: What is the amount of interest revenue recorded in 2017

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