Question Completion Status QUESTION 19 The account receivable turnover measures O How long it takes to sell accounts receivable to a factor. How often, on average, receivables are received and collected during the period, The relation of cash sales to credit sales. How long it takes to sell merchandise inventory. All of the options are correct QUESTION 20 On July 9, Mifflin Company receives an $8,500, 90-day, 8% note from customer Payton Summers as payment on account. What entry should be made on the maturity date assuming the maker pays in full, and no adjusting entries have been made related to the note? (Use 360 days a year.) Debit Notes Receivable $8,500; debit Interest Receivable $170; credit Sales $8,670. Debit Cash $8,670; credit Intere st Revenue $170; credit Notes Receivable $8,500. Debit Cash $8,628; credit Interest Revenue $128; credit Notes Receivable $8,500. Debit Cash $8,613; credit Interest Revenue $113; credit Notes Receivable $8,500. Debit Cash $8,500; credit Notes Receivable $8,500