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Eastern supplies sells a varicty of merchandise to Customers on account, but it insists insists an interest promissory hote. The company adjusts and closes its

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Eastern supplies sells a varicty of merchandise to Customers on account, but it insists insists an interest promissory hote. The company adjusts and closes its accounts on December 31. Eastern supply had the following transaction. Sectember 1, 2020 Received from customer, Felipe, s month, 12 percent So,ovo promissory note December 31, 2020 /Record accured intrest on note receivable on september 1, 2020 February 1, 2021 Collected in full the september 1, 2020, promisso. note plus interest What entry should eastern supply make when the note matures on February 1, 2021? ? A. Debit cash S2, Soo; credit Interest revenue 2000, credit lintrest receivable doo b. Debit cash 52, soos credit Noter receivable 521500 C Other answer, if yes then whats

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