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Giorgio Italian Market bought $5,600 worth of merchandise from Food Suppliers on 7/5/20XX and signed a 90 -day, 10% promissory note for the $5,600. Food

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Giorgio Italian Market bought $5,600 worth of merchandise from Food Suppliers on 7/5/20XX and signed a 90 -day, 10% promissory note for the $5,600. Food Supplier's journal entry to record the collection on the maturity date is: (Use 360 days a year.) Debit Notes Receivable $5,740; credit Sales $5,740 Debit Cash $5,600; debit Interest Receivable $140; credit Sales $5,740 Debit Cash $5,740; credit Notes Receivable $5,740 Debit Cash $5,740; credit Interest Revenue $140; credit Notes Receivable $5,600 Debit Notes Receivable $5,600; credit Cash $5,600

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