Question

journal entry worksheet
prepare an adjusting entry to record the accrued interest on the lee note.
note: enter debits before credits.
date general journal debit credit
december 31

Explanation:

Step1: Identify the accounts affected

When recording accrued interest, the Interest Receivable (an asset) account is debited to recognize the amount of interest that is owed but not yet received, and the Interest Revenue account is credited to record the revenue earned.
Debit: Interest Receivable
Credit: Interest Revenue

Step2: Determine the amount of accrued interest

(No information is given about the amount of the Lee - note or the interest rate in the question, so we assume the amount of accrued interest is $X$ for illustration purposes).
Debit Interest Receivable $X$
Credit Interest Revenue $X$

Answer:

Date	General Journal	Debit	Credit
December 31	Interest Revenue		$X$