8. Notification by the bank that an out of town Note Receivable was collected from a customer with Interest for the company would require the company to make the following adjusting entry: a. Notes Receivable Cash b. Cash Notes Receivable C. Cash Notes Receivable Interest Earned d. No adjusting entry is necessary. 10. Gold Company on May 15 sells merchandise on account to Silver Co. for $7,500, terms 2/10, 1/15, n/30. On May 20 Silver Co. returns merchandise worth $1,500 to Gold Company. On May 28 payment is received from Silver Co. for the balance due. What is the amount of cash received? a. $2,900 b. $5,880 c. $5,940 d. $6,000