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Question 14 (2.5 points) Use the following information for the next FIVE questions. Preston Incorporated accepted a $20,000, 6%, 60-day note dated December 1, 2019

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Question 14 (2.5 points) Use the following information for the next FIVE questions. Preston Incorporated accepted a $20,000, 6%, 60-day note dated December 1, 2019 from Jill Bach granting an extension on her past-due account receivable. (If necessary, round to the nearest dollar). Question 3 of 5: On December 1, 2019, Preston will record a debit to: O Interest Receivable, $1,200. Notes Receivable, $20,200. Interest Receivable, $200. Notes Receivable, $20,000

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