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Jasper makes a $25,000, 90 day. 7% cash loan to Clayborn Co Jasper's entry to record the collection of the note and interest or maturity

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Jasper makes a $25,000, 90 day. 7% cash loan to Clayborn Co Jasper's entry to record the collection of the note and interest or maturity should be: Debit cash for $25,000 credit Notes Receivable $25,000. Debt cash $25, 43750, credit Interest Revenue $437.50 credit Notes Receivable $25,000 Debit Cash $25, 43750, credit Notes Receivable for $25, 43750 Debit Notes Payable $25,000 credit Interest cash $26, 750 Debit cash $26, 750: credit Interest Revenue $1750 credit Notes Receivable $25000

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