Question: (right click + open in new tab for higher resolution image) On February 1, 2018. Sanger Corp. lends cash and accepts a $8,500 note receivable

(right click + open in new tab for higher resolution image)

(right click + open in new tab for higher resolution image) On

On February 1, 2018. Sanger Corp. lends cash and accepts a $8,500 note receivable that offers 14% interest and is due in six months. What would Sanger record on August 1.2018. when the borrower pays Sanger the correct amount owed? Do not round intermediate calculations) Cash 9095 Interest Revenu 397 Notes Receivable 8698 Cash 9095 Notes Receivable S.OSS Cash 5001 Notes Recevable 8.500 19.095 595 Interest Revenue Notes Recevable 8.500

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