On May 4, Rudd Sales Co. sold a $6,100 machine to a customer. The customer signed a 60-day, 4% note. What entry does Rudd make on May 4?

A. Accounts Receivable 6,140

Sales Revenue 6,100

Interest Revenue 40

B. Sales Revenue 6,100

Accounts Receivable 6,100

C. Notes Receivable 6,100

Sales Revenue 6,100

D. Cash 6,344

Notes Receivable 6,100

Interest Revenue 244

6. Refer to Question 5. What is the maturity date and the maturity value of the note? (Round to the closest dollar)

Maturity Date Maturity Value

A. July 3 $6,100

B. July 4 $6,344

C. July 2 $6,060

D. July 3 $6,140