Question: Save & Exit Uniform Supply accepted a $7,600, 90-day, 6% note from Tracy Janitorial on October 17. What entry should Uniform Supply make on January

 Save & Exit Uniform Supply accepted a $7,600, 90-day, 6% note

Save & Exit Uniform Supply accepted a $7,600, 90-day, 6% note from Tracy Janitorial on October 17. What entry should Uniform Supply make on January 15 of the next year when the note is paid? (Assume reversing entries are not made.). (Use 360 days a year.) Multiple Choice 26 Debit Cash $7,714, credit Interest Revenue $19. credit interest Receivable $95credit Notes Receivable $7,600. Debit Cash $7,714, credit Notes Receivable $7,714 Debit Cash $7,714, credit Interest Revenue $95. credit interest Receivable $19, credit Notes Receivable $7600 Debit Cash $7714; credit Interest Revenue $114; credit Notes Receivable $7600 Debin Notes Receivable $7.600; debit interest Receivable $114 credit Sales 57,714

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