cardlearn.xythos.prod/5a37d5c538335/48224212response-content-dispositioninline%3B%20filename%2A%3DUTF-BX2T Use the following information for Questions 26-27. On January 1, 2015, ABC Company loaned $1,000,000 cash to another entity. ABC charged the entity 10% interest, which is to be paid annually every January 1. The principal amount is to be repaid on January 1, 2018 26. Determine the appropriate journal entry to record for the January 1, 2015 transaction. A.Debit notes receivable; credit sales B.Debit cash; credit notes receivable C.Debit notes payable; credit cash D.Debit notes receivable; credit cash E.None of the above 27.Determine the appropriate journal entry to record at 12/31/15. A.Debit cash, credit interest revenue B.Debit interest receivable, credit cash C.Debit interest receivable, credit interest revenue D.Debit interest revenue, credit cash E.None of the above 28.ABC Company issued common stock for cash. This cash flow should be reported under which section on the statement of cash flows? A.Operating B Investing C.Financing D.None of the above 29.ABC Company purchased equipment for cash. This cash flow should be reported under which section on the statement of cash flows? A.Operating B.Investing C.Financing D.None of the above 30.ABC received cash from customers in payment of the customers' accounts. This cash flow should be reported under which section of the statement of cash flows? A.Operating B.Investing C.Financing D.None of the above 31.ABC purchased an insurance policy and paid cash immediately. This cash flow should be reported under which section of the statement of cash flows? A.Operating B Investing C Financing D.None of the above