14. On August 1, Kim Company accepted a 90-day note receivable as payment for services provided to Usu Company. The terms of the note were $20,000 face value and 6% interest. On October 30, the journal entry to record the collection of the note should include a a. credit to Interest Revenue for $300 b. debit to Notes Receivable for $20,000 c. credit to Notes Receivable for $20,300 d. debit to Interest Receivable for $300 The objectives of intenal control are to a. control the intermal organization of the accounting department personnel and equipment b. prevent fraud, and promote the social interest of the company c. provide control over "internal-use only" reports and employee internal conduct d. provide reasonable assurance that operations are managed to achieve goals, financial reports are accurate, and laws and regulations are complied with 15. 11