QUESTION 42 On October 1 Ramos Company signed a $90,000, 60 day, 6% note for the late account payable. Journalize the October 1 entry. Notes Receivable Notes Payable 90,900 90,900 a Accounts Payable 90,000 b. Notes Payable 90,000 Cash Notes Payable Notes Payable Interest Expense 90,900 90,900 90,000 900 90,900 od. Cash QUESTION 50 Pierce Company sold to Stanton Company merchandise on account FOB shipping point, 2/10, net 30, for $20,000. Pierce prepaid the $500 shipping charge. Which of the following entries does Pierce make to record this sale? Accounts Receivable Stanton, debit $20,000; Sales, credit $20,000, and "Delivery Expense, debit 5500; Cash, credit $500 Accounts Receivable-Stanton, debit $19,600; Sales, credit $19,600, and "Accounts Receivable Stanton, debit S500; Cash, credit $500 c. Accounts ReceivableStanton, debit S20,000; Sales, credit $20,000 d. Accounts Receivable Stanton, debit S20,100; Sales, credit $20,100