Equestrain Roads sold 50,000 of goods and accepted the customers 50,000, 10%, 1-year note receivable in exchange. Assuming 10% approximates the market rate of return, what would be the false statements?

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Group of answer choices

The company must debit accounts receivable $50,000

The company must record sales revenue.

The company does not credit its inventory if the company applies periodic method

The sales revenue is $55,000

The 10% interest will increase the amount of notes receivable