On May 4, Gaza Sales Co. sold a $5,500 machine to a customer. The customer signed a 60-day,4% note. What entry does Garza make on May 4?

A. Account recievable 5536

Sales revenue 5500

Interest Revenue 36

B. Sales Revenue 5500

Account Recievable 5500

C. Note Recievable 5500

Sales Revenue 5500

D. Cash 5720

Note Revievable 5500

Interest Recievable 220

What is the maturity value of an $80,000, 14% six-month note?

A. $85,600

B. $91,200

C. $80,000

D. 74,400

Jerry, Inc. recieved a four-month, 6%, $2,400 note recievable on March 1. The adjusting entry on March 31 will include

A. A debth of Cash for $144

B. A credit to interest recievable for $12

C. A debt to interest recievable for $ 144

D. A debt to interest recievable for $48