On January 1, 2016, Matanuska Transport sold four school buses to the Knik School District. In exchange for the buses, Matanuska received a note requiring payment of $525,000 by Knik on December 31, 2018. The effective interest rate is 6%. Question Journal entries for Matanuska for 2016 would include: a debit to Discount on Notes Receivable of $26,448 a debit to Interest Receivable of $26,448 a debit to Interest Revenue of $26,448 none of the above