I am doing 5700*10%*60/360 but keep getting the wrong numbers

14 Ch.9 &10 (90 min.) i Help Save & Exit On April 12. Hong Company agrees to accept a 60 day, 8%, $5,700 note from Indigo Company to extend the due date on an overdue account. What is the journal entry that Indigo Company would make, when it records payment of the note on the maturity date? (Use 360 days a year.) Multiple Choice ESTE O Debit Notes Payable $5,700, debit Interest Expense $76, credit Cash $5,776. ) Debit Cash $5,776, credit Interest Revenue $76, credit Notes Receivable $5,700. Debit Cash $5.776. credit Interest Revenue $76, credit Notes Payable $5.700. O O Debit Notes Payable 55,700, debit Interest Expense $114 credit Cash $5,814 C e * ISO o arch Debit Notes Payable $5,700, debit Interest Expense $76; credit Cash $5.776. Debit Cash $5,776, credit Interest Revenue $76; credit Notes Receivable $5700. O Debit Cash $5,776; credit Interest Revenue $76; credit Notes Payable $5,700, Debit Notes Payable $5,700; debit Interest Expense $14, credit Cash $5,814. Debit Notes Payable $5,700; credit Interest Expense $76, credit Cash $5,624. Prev 8 of 33 ! Next >