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12. Dodge lnc.makes a $200,000, 60-day, 9% cash loan to Vervoodt Co. The amount of interest that Dodge will collect on the loan is (use
12. Dodge lnc.makes a $200,000, 60-day, 9% cash loan to Vervoodt Co. The amount of interest that Dodge will collect on the loan is (use a 365 day yearl: A. $3,600. B. $300.00. C. $3,000.00 D. $600.00 E. $2,958.90 13. Vaspar Inc. bought $13,000 worth of merchandise from Dupont Corp, and signed a 60-day, 496 promissorynote forthe $13.000-Dupont's journal entryto record the sales transaction is: A. Debit Accounts Receivable $13,000; credit Sales $13,000 B. Debit Notes Receivable $13,086.67; debit Interest Receivable $86.67; credit Sales $13,000 C. Debit Accounts Receivable $13,086.67; credit Sales $13,086.67 D. Debit Notes Receivable $13,086.67; credit Sales $13,086.67 E. Debit Notes Receivable $13,000; Accounts Receivable $13,000
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