Question: QUESTION 32 A $6,000, 60 day, 12% note is not paid by the maker at maturity. The journal entry to recognize this event is a.

QUESTION 32 A $6,000, 60 day, 12% note is not paid by the maker at maturity. The journal entry to recognize this event is a. debit Accounts Receivable, 56,120. credit Notes Receivable, 56,000; credit Interest Revenue, $120 b. debit Notes Receivable, 56,060, credit Accounts Receivable, 56,060 c. debit Accounts Receivable, 56,120 credit Notes Receivable, 56,000, credit Interest Receivable, 5 20 d. debit Cash, 56,120 credit Notes Receivable, 56,120

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