On August 1, Kim Company accepted a $9,500, 90-day, 4% note receivable as payment for services provided to Hsu Company. On October 30, the entry to journalize the collection of the note should include a (Assume a 360-day year.) a. credit to Interest Revenue for $95. b. credit to Notes Receivable for $9,595. O c. debit to Interest Receivable for $95. O d. debit to Notes Receivable for $9,500.

On August 1, Kim Company accepted a $9,500,90-day, 4% note receivable as payment for services provided to Hsu Compary, On October 30 , the entry to journalize the collection of the note should include a (Assume a 360 -day year.) a. credat to intereat Rewenue for 595 b credit to Notes Receivable for $9,595. c. debit to Inteicst ferewable for 505 . a. debit to Notes Receivable for 59.500