Question: Help Save & Exit Subr TB MC Qu. 07-111 Jasper makes... Jasper makes a $28,000, 90-day, 8.5% cash loan to Clayborn Co. Jasper's entry to
Help Save & Exit Subr TB MC Qu. 07-111 Jasper makes... Jasper makes a $28,000, 90-day, 8.5% cash loan to Clayborn Co. Jasper's entry to record the collection of the note and interest at maturity should be (Use 360 days a year.) Multiple Choice O Debit Cash for $28,000, credit Notes Receivable $28,000. Debit Cash $28,595.00, credit interest Revenue $195.00, credit Notes Receivable $28.000 o O Debit Cash $28,595.00, credit Notes Receivable for $28.595.00 o Debit Notes Payable 528,000: Debit interest Expense $2,380, credit cash $30,380 ( Debit Cash $30,380, credit interest Revenue $2.380. credit Notes Receivable $28.000 Proy 1 of 10 Next >
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