Question: Question 2 [8 points] Gulf Corp has a $222,000 note receivable that requires interest to be paid on the 16 0 of the month The

Question 2 [8 points] Gulf Corp has a $222,000 note receivable that requires interest to be paid on the 16 0 of the month The interest was last received on January 16 and the next collection is the rate of $225 per day Fill in the journal below to reflect a The accrued adjustment on January 31 b The subsequent interest collection on February 16 Enter the transaction letter (a) or (b) as the description Dates must be entered in the format dd/mmm (ie 15/Jan ) General Journal Page GJ8 Date Account/ Explanation F Debit Credit 31/Jan 16/Feb Official Time 17:38 04 SUBMIT AND MARK

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