A company signs a note payable for $3,500 at 9% for 45 days. How much interest (to the nearest cent) will the company owe using a 360 - day year? L & L Construction had sales on account of $28,500 which were subject to state sales tax of 9%. The entry to record the sales would be to: debit Accounts receivable, $31,065; credit Sales revenue, $28,500; credit Sales tax payable, $2,565. debit Accounts receivable, $31,065; credit Sale revenue, $31,065. debit Accounts receivable, $28,500; credit Sales revenue, $28,500. debit Accounts receivable, $28,500; debit Sales tax payable, $2,565; credit Sales revenue, $31,065