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Bright Company received a $40,000, 120-day, 9% note from ABC Co. on account. entry to record the receipt of payment of the note at maturity

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Bright Company received a $40,000, 120-day, 9% note from ABC Co. on account. entry to record the receipt of payment of the note at maturity 6, Journalize the 2 a) Cash 40,000 Notes Receivable 40,000 41,200 Notes Receivable Interest Revenue 40,000 1,200 c) Cash 41,200 Notes Receivable Interest Revenue 40,000 1200 d) Accounts Receivable 41,200 Notes Rcccivable Interest Expense 40,000 1.200

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