On January 1, Franz Co. accepted a 30-day, 6% note in the amount of $5,000 from Bria Co., a customer. On January 31, the due date of the note, Bria honors the note and pays in full. The journal entry that Franz would make to record payment of this note would include a: debit to Interest Revenue for $25. debit to Cash for $5,025. credit to Note Receivable for $5,000. credit to Note Receivable for $5,025. credit to Interest Revenue for $25.

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The correct journal entry that Franz Co would record to reflect the payment ... View the full answer