Because if this ad has famous people in a Nike commercial for example people will tend to follow what’s nice but maybe they don’t even like the item they just buy it because that person is famous and they wanna look and dress more like them so the company that is being shown here in this ad is being viewed by millions of people from all over the world. So basically...they’ll just end up getting much more money in the end of all of it
To Interest receivable ($44,400 × 15% × 120 days ÷ 360 days)
(Being the cash received is recorded)
Here we debited the cash as it increased the assets and at the same time we credited the interest receivable and the note receivable as it decreased the assets