QUESTION 26 The maturity date of a note receivable Is the day the note was signed Is the day the note must be repaid Is the date of the first payment Is the day of the credit sale Is the last day of the month QUESTION 27 Giorgio Italian Market bought 58.000 worth of merchandise from Food Suppliers and signed a 90-day, 10% promissory note for the 55000 Food Suppliers journal entry to record the collection on the maturity date is (Use 360 days a year) Debit Cash $8 200 credit interest Ravenue $200 credit Notes Receivable 58 000 Debit Notes Receivable 58 000 credit Cash $8.000 Debit Notes Receivable 58 200 credit Sales 58.200 Debit Cash 58.000 debit interest Receivable $200. credit Sales 58 200 Debit Cash 58 200 credit Notes Receivable 58.200 QUESTION 28