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Multiple Select Question On October 1, Light Corp. sold goods on account to Dark Corp. Light agreed to accept a $100,000, 8%, 6-month interest-bearing note

Multiple Select Question

On October 1, Light Corp. sold goods on account to Dark Corp. Light agreed to accept a $100,000, 8%, 6-month interest-bearing note from Dark in payment for the goods. Light has a December 31 year-end and principal and interest are due at maturity. The entry required on Light's books on April 1 when the note is due requires a (Select all that apply.)

credit to interest income, $8,000.

credit to note receivable, $104,000

credit to interest receivable, $2,000.

credit to note receivable, $100,000

debit to interest receivable, $4,000.

debit to note receivable, $100,000

credit to interest revenue, $2,000

debit to cash, $102,000

debit to interest revenue, $4,000.

debit to cash, $104,000

Working note will be nice. Thanks

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