Can I get a push on this question pls? On June 30, 2013, the Esquire Company sol

Question

Can I get a push on this question pls? On June 30, 2013, the Esquire Company sold some merchandise to a customer for $30,000. In payment, Esquire agreed to accept a 6% note requiring the payment of interest and principal on March 31, 2014. The 6% rate is appropriate in this situation. Required: 1. Prepare journal entries to record the sale of merchandise (omit any entry that might be required for the cost of the goods sold), the December 31, 2013 interest accrual, and the March 31, 2014 collection. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.)

Explanation / Answer

sol: June 30, 2011 Note receivable 30,000 Sales revenue 30,000 December 31, 2011 Interest receivable 900 Interest revenue 900 ($30,000 x 6% x 6/12) = 900 March 31, 2012 Cash 31,350 Interest revenue 450 Interest receivable 900 Note receivable 30,000 ($30,000 x 6% x 3/12) = 450

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