Record the adjusting entry to accrue interest on the note receivable of $16,000, which was accepted on October 1, 2024. Interest is due each September 30.

The general ledger of Pop's Fireworks includes the following account balances in 2024 : In addition, the following transactions occurred during 2024 and are not yet reflected in the account balances above: June 3 Provide additional services on account for $10,000. All services on account include terms 2/10,n/30. June 8 Receive cash from customers within 10 days of the services being provided on account. The customers were originally charged $6,500. November 15 Write off customer accounts of $2,700 as uncollectible. The following information is available on December 31. a. Estimate that 10% of the balance of accounts receivable (after transactions in requirement 1) will not be collected. (Hint. Use the January 31 accounts receivable balance calculated in the general ledger to determine the total estimate of uncollectible accounts.) b. Accrue interest on the note receivable of $16,000, which was accepted on October 1,2024 . Interest is due each September 30. Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet (2) 3 7 Record the adjusting entry to accrue interest on the note receivable of $16,000, which was accepted on October 1,2024 . Interest is due each September 30 . Note: Enter debits before credits. Notice the dropdown below that gives the options to select the unadjusted, adjusted or post-closing trial balance. The option you choose will be the values used to populate the income statement and balance sheet tabs. The general ledger of Pop's Fireworks includes the following account balances in 2024 : In addition, the following transactions occurred during 2024 and are not yet reflected in the account balances above: June 3 Provide additional services on account for $10,000. All services on account include terms 2/10,n/30. June 8 Receive cash from customers within 10 days of the services being provided on account. The customers were originally charged $6,500. November 15 Write off customer accounts of $2,700 as uncollectible. The following information is available on December 31. a. Estimate that 10% of the balance of accounts receivable (after transactions in requirement 1) will not be collected. (Hint. Use the January 31 accounts receivable balance calculated in the general ledger to determine the total estimate of uncollectible accounts.) b. Accrue interest on the note receivable of $16,000, which was accepted on October 1,2024 . Interest is due each September 30. Using the information from the requirements in the previous tabs, complete the 'Analysis' tab