5:06 On July 9, Mifflin Company receives a $8,500, 90-day, 8% note from customer Payton Summers as payment on account. Assuming the Fiscal year is the calendar year, what journal entry should be made on the maturity date if the maker pays in full? Multiple Choice Cash Notes Receivable Interest Receivable Cash Interest Revenue Notes Receivable Sales Interest Revenue Notes Receivable 8,628 8,500 170 8,670 128 8,500 8,670 170 8,500

On July 9, Muffin Company recelves a $8,500,90-day, 8% note from customer Payton Summers as payment on account. Assuming the Fiscal year is the calendar year, what journal entry should be made on the maturity date if the maker pays in full? Muriple Cholce