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Dunting-II CT202-01 2020-212 General/Mid-term examination On May 1, 2020, ABC Company sells goods for $7,800 on account and receives a 12%, 1-year note receivable from
Dunting-II CT202-01 2020-212 General/Mid-term examination On May 1, 2020, ABC Company sells goods for $7,800 on account and receives a 12%, 1-year note receivable from a customer. On December 31, 2020, the adjusting entry that ABC Company makes includes: Select one: a.A debit to Interest Receivable for $624 and a credit to Interest Revenue for $624 b.A debit to Notes Receivable for $624 and a credit to Interest Revenue for $624 c.A debit to Notes Receivable for $936 and a credit to Interest Revenue for $936 d.A debit to Interest Receivable for $936 and a credit to Interest Revenue for $936 Next page
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