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Sters 8,9 & 11 Seved Help Save & Exit On July 9, Mifflin Company receives an $7,400, 90-day, 10% note from customer Payton Summers as
Sters 8,9 & 11 Seved Help Save & Exit On July 9, Mifflin Company receives an $7,400, 90-day, 10% 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.) Multiple Choice Debit Cash $7.523, credinterest Revenue $123 credit Notes Receivable $7400 Debit Cash 57400 credit Notes Receivable 57400 Debt Notes Receivable $7.00, debit interest Receivable 5108, crede Sales 57.585. Debit Cach 87.585, credit interest Revenue 3168 credit Notes Recetube 57400 Debt Cash $540, credit interest Reverse credit Notes Receivable 57400 V M N. B Z X V c
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