O4 67% AA forms.office.com 42. On June 1, 2018, Jensen Company acquired an 8%, ten-month note receivable from a customer in settlement of an existing account receivable of $130,000. Interest and principal are due at maturity. The proper adjusting entry at December 31, 2018, with regard to this note receivable includes a: (4 Points) * Debit to Interest Receivable of $6,067. Credit to Interest Revenue of $10,400. Debit to Cash of $6,067. Debit to Notes Receivable of $10,400 43. A write down of inventory due to obsolescence reduces the amount in the Inventory account and may increase the amount in the Cost of Goods 1