Answer:
November 27
Dr Cash $15,750
Cr Interest Revenue $625
Cr Interest Receivable $125
Cr Notes Receivable for $15,000
Explanation:
Preparation for the necessary November 27 entry
November 27
Dr Cash $15,750
[$15,000+($15,000 × 10% × 180/360) ]
($15,000 + $750=$15,750)
Cr Interest Revenue $625
( $15,000 × 10% × 150/360),
Cr Interest Receivable $125
Cr Notes Receivable for $15,000
Note that between the month of June 30 and November 27 we would have a total of 150 days