Question: A company lends its supplier $ 1 5 0 , 0 0 0 for 3 years at a 6 % annual interest rate. Interest payments

A company lends its supplier $150,000 for 3 years at a 6% annual interest rate. Interest payments are to be made twice a year. The entry to record the establishment of the loan includes a debit to:
Multiple Choice
Notes Receivable and a credit to Cash for $150,000.
Cash and a credit to Notes Payable for $150,000.
Cash and a credit to Interest Revenue for $9,000.
Interest Receivable and a credit to Interest Revenue for $4,500.
A company lends its supplier $ 1 5 0 , 0 0 0 for

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