QUESTION 13 Each of the following transactions would be reflected in both the income statement and the statement of cash flows for the current period, except: Sale of merchandise for cash The adjustment of marketable securities to their current market value. Payment of interest on bonds. Receipt of dividends earned on investments. QUESTION 24 On November 1, 2017, Salem Corporation sold land priced at $900,000 in exchange for a 5%, six-month note receivable. The journal entry made by Salem to record this transaction on November 1, 2017, includes: A credit to Interest Revenue of $27,000. A debit to Interest Receivable of $27,000. A debit to Notes Receivable of $927,000. A debit to Notes Receivable of $900,000