Question: Angela, Inc. received a $16,000 30-day, 9% note dated December 21, 2019 from Alyssa Company. On December 31, 2019, Angela made the necessary adjusting

Angela, Inc. received a $16,000 30-day, 9% note dated December 21, 2019

Angela, Inc. received a $16,000 30-day, 9% note dated December 21, 2019 from Alyssa Company. On December 31, 2019, Angela made the necessary adjusting entry to accrue interest income on the note Angela's entry to record payment of the note on January 20, 2020 was: Select one: OA Cash 16,120 Interest income Notes receivable 1201 16,000 Cash 16,040 Interest income Notes receivable 401 16,000 Cash 16.120 40 interest receivable) interest income 80 Notes receivable 16,000 D. 16,080 Cash 80 Interest income

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