14. Use the following information to respond to questions 13-16 Cairo Co. accepted a $5,000, 12%, 90-day note dated May 16, from Alexandria Co. as in exchange for its past-due account receivable. What is the amount of interest earned on the term of the loan? A $150 B) $180 $130 D) $200 E) None of the above 15. Use the following information to respond to questions 13-16 Cairo Co. accepted a $5,000, 12%, 90-day note dated May 16, from Alexandria Co. as in exchange for its past-due account recevable. What is the journal entry to record the honored note on the maturity day? Cash 5,000 Note Receivable 5,000 B Cash 4,850 Note Receivable 5,000 Interest revenue 150 c) Note Receivable 5,000 Interest Revenue 150 Cash 5,150 D Cash 4,850 Note Receivable 5,000 Interest Revenue 150 Cash 5,150 Interest Revenue 150 Note Receivable 5,000