Please upload the origination, accrual and settlement journal entries for quiz question #4. I do...
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Please upload the origination, accrual and settlement journal entries for quiz question #4. I do not care about the correct answer a, b, c, d, e
4. Uniform Supply accepted a $4,800, 90-day, 10% 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? A. Debit Notes Receivable $4,800; debit Interest Receivable $120; credit Sales $4,920. B. Debit Cash $4,920; credit Notes Receivable $4,920. C. Debit Cash $4,920; credit Interest Revenue $100; credit Interest Receivable $20; credit Notes Receivable $4,800. D. Debit Cash $4,920; credit Interest Revenue $20; credit Interest Receivable $100; credit Notes Receivable $4,800. E. Debit Cash $4,920; credit Interest Revenue $120; credit Notes Receivable $4,800
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