Your answer is correct.

Assuming Coronado Co$.$s fiscal year$-$end is December $31,$ prepare the journal entry for December $31,2026.($Round answers to $0$

decimal ploces, es $5,275.$ If no entry is required, select $"$Wo Entry" for the account titles and enter D for the anounts. Credittaccount titles

are automatically indented when the omount is entered. Do not indent manually. List delit enity before credit entry$)$

Date Account Titles and Explanation

Debit

Credit

Dec.

$31,$

$2026$

$]$

$$ ~$|||$

$$

$(3)$

eTextbook and Media

List of Accounts

Attempts: $1$ of $3$ used

$($c$)$

X Your answer is incorrect.

Assuming Coronado Co$.\text{'}$s fiscal year$-$end is December $31,$ prepare the journal entry for December $31,2027.($If no entry is required,

select $"$No Entry" for the account titles and enter O for the amounts. Credit account titles are cutbmatically indented when the amount is

entered. Do not indent manually List all debit entries before credit entries$)$

Date Account Titles and Explanation

Debit

Credit

Dec

$31,$

$2027$

$1$

$4$

$($To record interest revenue$)$

Discount on Notes Receivable

$($To record collection of note$)$