Please answer these questions. They are similar with different given values.

On April 1, 2020. Balboa Company invests 550,000 in a 6-month CD that pays an annual interest rate of 3 percent. Assume Balboa prepares financial statements at the end of each calendar month. Which of the following statements is true? Balboa will debit interest receivable by $250 on May 30. Balboa will debit interest income by $125 on April 30. -Balboa will debit cash by $50,000 on April 1. Balboa will report an interest receivable asset of $375 on its June 30 balance sheet. On September 1, 2020, Balboa Company invests $40,000 in a 2-month CD that pays an annual interest rate of 1.5 prepares financial statements at the end of each calendar month. Which of the following statements is true? Balboa will debit interest income by $50 on September 30. Balboa will debit interest receivable by $100 on October 31. Balboa will debit cash by $40,000 on September 30. Balboa will credit interest receivable by $50 on October 31