Debit Interest Receivable $100; credit Interest Revenue $100. O Debit Cash $120; credit Interest Revenue S100; credit Interest Receivable $20. Question 20 (2 points) Uniform Supply accepted a $4,800, 90-day, 10% note from Tracy Janitorial on October 17. The proper adjusting journal entry was made at Dec 31 to accrue interest on this note. What entry should Uniform Supply make on January 15 (maturity date of the note) of the next year when the note is paid? (Use 360 days a year.) O Debit Notes Receivable $4,800; debit Interest Receivable $120; credit Sales $4,920. O Debit Cash $4,920; credit Notes Receivable $4,920. O Debit Cash $4,920; credit Interest Revenue $100; credit Interest Receivable $20; credit Notes Receivable $4,800. Debit Cash $4,920; credit Interest Revenue $20; credit Interest Receivable $100; credit Notes Receivable $4,800. Debit Cash $4,920; credit Interest Revenue S120; credit Notes Receivable $4,800. Page 2 of 2 Next Page Question 18 (2 points) Jasper accepts a $25,000, 90-day, 8% note from Clayborn Co. as payment in a sales transaction. At maturity of the note Clayborn Co dishonored the note. Jasper's entry to record Clayborn's dishonoring of the note is: (Use 360 days a year.) Debit Accounts Receivable for $25,000; credit Notes Receivable $25,000. Debit Cash $25,500; credit Interest Revenue $500; credit Notes Receivable $25,000. Debit Accounts Receivable for $25,500; credit Interest Revenue for $500; credit Notes Receivable for $25,000 O Debit Bad Debts Expense for $25,000; Credit Notes Receivable for $25,000. None of these answers are correct. Question 16 (2 points) Jasper accepts a $25.000, 90-day, 8% note from Clayborn Co. as payment in a sales transaction. Jasper's entry to record receiving this note from Clayborn is: Debit Notes Receivable for $25,000; credit Cash $25,000. Debit Sales $25,000; credit Notes Receivable $25,000. Debit Notes Receivable $25,500; credit Interest Revenue $500; credit Sales $25,000. Debit Notes Receivable $25,000; credit Sales $25,000. Debit Notes Receivable $25,500; credit Sales $25,500