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Morton Finance Co. holds Ramsey Corporation's $30,000, 120-day, 9% note. The entry made by Morton when the note is collected, assuming no interest has previously
Morton Finance Co. holds Ramsey Corporation's $30,000, 120-day, 9% note. The entry made by Morton when the note is collected, assuming no interest has previously been accrued is O A) Cash B) C) Cash OD) Cash Notes Receivable Interest Revenue Cash Notes Payable Interest Payable Notes Receivable Interest Receivable Notes Receivable 30,900 30,900 30,900 30,000 30,000 900 30,000 900 30,000 900 30,000
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