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Jasper makes a $44,000,90-day, 6.0% cash loan to Clayborn Company. Jasper's entry to record the collection of the note and Interest at maturity should be:

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Jasper makes a $44,000,90-day, 6.0% cash loan to Clayborn Company. Jasper's entry to record the collection of the note and Interest at maturity should be: Note: Use 360 days a year. Debit Cash $44,660.00; credit Interest Revenue $660.00; credit Notes Receivable $44,000. Debit Cash $46,640; credit Interest Revenue $2,640, credit Notes Receivable $44,000. Debit Cash $44,660.00; credit Notes Receivable for $44,660.00. Debit Cash for $44,000; credit Notes Receivable $44,000. Debit Notes Payable $44,000; Debit Interest Expense $2,640; credit Cash $46,640

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