Question 5 - A $5,000, 6% note is dated September 5 and is due in 60 days. The maturity value of the note would be:

	$5,000
	$5,300
	$5,100
	$5,050

Question 6 - A $5,000, 6% note payable is dated September 5 and is due in 60 days. The journal entry to record the settlement of the note is:

	Debit Notes Payable $5,000; Debit Interest Expense $50 and Credit Cash $5,050
	Debit Notes Payable $5,000; Credit Interest Expense 100 and Credit Cash $5,100
	Debit Notes Payable $5,000; Credit Interest Expense $300 and Credit Cash $5,300
	Debit Notes Payable $5,000; Credit Interest Revenue $50 and Credit Cash $5,050.