CO 3 credit to Bad Debt Expense for $5,000 Question 5 1 pts Bright Company received a $40,000, 120-day, 9% note from ABC Co. on account. Journalize the entry to record the receipt of mayment of the note at maturity. Debit: Cash 41.200 Credit: Notes Receivable 40,000 Credit: Interest Expense 1.200 Debit: Accounts Receivable 41 200 Credit: Notes Receivable 40.000 Credit: Interest Revenue 1.200 Debit: Cash 40,000 Credit: Notes Receivable 40,000 Debit: Cash 1.200 Credit: Notes Receivable 40.000 Credit: Interest Revenue 1 200 Question 6 1 pts Computer equipment was acquired at the beginning of the year at a cost of $65.000 that has an estimated residual value of $3,000 and arrestimated useful life of 5 years Calcula Question 5 1 pts Bright Company received a $40,000, 120-day, 9% note from ABC Co. on account. Journalize the entry to record the receipt of payment of the note at maturity. Debit: Cash 41.200 Credit: Notes Receivable 40.000 Credit: Interest Expense 1.200 Debit: Accounts Receivable 41.200 Credit: Notes Receivable 40.000 Credit: Interest Revenue 1.200 Debit: Cash 40.000 Credit: Notes Receivable 40.000 Debit: Cash 41.200 Credit: Notes Receivable 40,000 Credit: Interest Revenue 1.200