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Save Awwer Question 12 3.33 points On January 1, 2016, Matanuska Transport sold four school buses to the Knik School District. In exchange for the

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Save Awwer Question 12 3.33 points On January 1, 2016, Matanuska Transport sold four school buses to the Knik School District. In exchange for the buses, Matanuska received a note requiring payment of $525,000 by Knik on December 31, 2018. The effective interest rate is 6%. Question Journal entries for Matamuska for 2016 would include: a debit to Discount on Notes Receivable of $26.448 a dobit to interest Receivable of $26,448 a debit to Interest Revenue of 526,448 none of the above

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