Question 21 2pts On May 1, 2019, the Cincinnati Company, which has a December 31" year end and makes annual adjusting journal entries, accepted a ree years. Interest is payable annually on April 30, beginning April 30, 2020. The annual stated interest rate notes which was also equal to the effective interest rate at the time of the issuance of the note. The Cincinnati Company does not use reversing entries. For how much should the Cincinnati Company credit"interest Receivable" in its April 30.2020 journal entry? $1.200 $400 $600 $1.800 MacBook Pro December 31, 2017 WOOL December 31, 2019 2 pts D Question 20 Which of the following statements if any.is/are true? I. The payee of a note would record a notes receivable on its books. IL If the stated rate of a note is greater than the market rate of a note, the note would be issued at a discount Only! Only it Both and 1 Neither inor nestien 21 MacBook Pro