Jasper makes a $28,000, 90-day, 9% cash loan to Clayborn Company. Jasper's entry to record the collection of the note and interest at maturity should be: (Use 360 days a year.) Multiple Choice Debit Cash for $28,000; credit Notes Receivable $28,000. Debit Cash $28,630; credit Interest Revenue $630; credit Notes Receivable $28,000. Debit Cash $28,630; credit Notes Receivable for $28,630. Debit Notes Payable $28,000; Debit Interest Expense $2,520; credit Cash $30,520. Debit Cash $30,520; credit Interest Revenue $2,520, credit Notes Receivable $28,000.

Jasper makes a $28,000,90-day, 9% cash loan to Clayborn Company. Jasper's entry to record the collection of the note and interest at maturity should be: (Use 360 days a year.) Multiple Choice Debit Cash for $28,000; credit Notes Receivable $28,000. Debit Cash $28,630; credit interest Revenue $530; credit Notes Receivoble $28,000. Debit Cosh $28,630; credit Notes Receivable for $28.630 Debit Notes Payabie \$28,000; Debit interest Expense $2,520; creait Cosh $30,520 Debit Cash $30,520; credi interest Rovenve $2.$20, credit Notes Receivable $28.000