Question: The routine journal entries for a Note Receivable dated December 1 with the following terms are: Terms: Amount $10,000; Rate 12%; Time 90 days (Replaced

 The routine journal entries for a Note Receivable dated December 1
with the following terms are: Terms: Amount \$10,000; Rate 12\%; Time 90

The routine journal entries for a Note Receivable dated December 1 with the following terms are: Terms: Amount \$10,000; Rate 12\%; Time 90 days (Replaced an Accounts Receivable) Select one: a. Debit NR $10,300; Credit AR $10,300 b. Debit NR $10,000; Credit AR $10,000 c. Debit Interest Receivable $10,300; Credit AR $10,300 Question 2 Notyet answered Marked out of 1.00 F Flag question The Adjusting Journal Entries at the end of the reporting period (12/31) for the above transaction are: Select one: a. Debit Interest Receivable $300; Credit AR$300 b. Debit Interest Receivable $100; Credit Interest Revenue $100 c. Debit Interest Receivable $300; Credit Interest Revenue $300 The routine journal entries for the collection of the above debt on the due date are: Select one: a. Debit Cash $10,300; Credit NR$10,000; Credit Interest Receivable $100; Credit Interest Revenue $200 b. Debit Cash $10,300; Credit NR$10,300 c. Debit Cash $10,300; Credit NR$10,000; Credit Revenue $300

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