Question: XYZ accepted a $8,800, 90-day, 9% note from ABC on October 17. What entry should XYZ make on January 15 of the next year when

XYZ accepted a $8,800, 90-day, 9% note from ABC
XYZ accepted a $8,800, 90-day, 9% note from ABC on October 17. What entry should XYZ make on January 15 of the next year when the note is paid?. (30 days in November, Use 360 days a year, 12/31 fiscal year end.) O Debit Cash $8,998; credit Interest Revenue $33; credit Interest Receivable $165; credit Notes Receivable $8,800. O Debit Cash $8,998; credit Notes Receivable $8,998. O Debit Notes Receivable $8,800; debit Interest Receivable $198; credit Sales $8,998. O Debit Cash $8,998; credit Interest Revenue $198: credit Notes Receivable $8,800

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