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On Apr 12. Hong Company agrees to accept a 60 day, 10% 55,400 note from Indigo Company to extend the che date on an overdue

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On Apr 12. Hong Company agrees to accept a 60 day, 10% 55,400 note from Indigo Company to extend the che date on an overdue account What is the naty that indigo Company would move when it records payment of the note on the maturity doe (Use 360 days a year) Mimple Choice Debat osobe 55,400, cedit interest Expenses cludit C.60 O Depan 55.490, credit interest Recon Service Notes Receivable 55.400 Deon Notes Payable 55,400, debit interest Expenu 590.credit Cash $5.490 Dear Nones Payable 55,400 deber interest Expenses, credit as $5.525 Dear Cash 55.490, edinstvenue 590: credit Notes Payable $5.400

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