TB MC Qu. 07-135 (Algo) On July 9, Mifflin Company receives... 7 On July 9, Mifflin Company receives an $8.900. 90-day. 12% note from customer Payton Summers to replace an account receivable. What entry should be made by Mifflin 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.) 1 points Skipped Multiple Choice eBook Debit Cash $9,167; credit Interest Revenue $267: credit Notes Recevable $8.900. O Print O o O Debit Cash $9.102: credit Interest Revenue $202: credit Notes Recelvable $8.900. References o O Debit Cash $8.900: credit Notes Receivable $8,900. O Debit Notes Receivable $8.900; debit Interest Receivable $267. credit Sales $9,167. d o O Debit Cash $9,078; credit Interest Revenue $178: credit Notes Receivable $8.900. TB MC Qu. 07-128 (Algo) Jervis accepts all major bank credit... 00 8 Jervis accepts all major bank credit cards, including those issued by Northern Bank (NB), which assesses a 5.0% charge on sales for using its card. On June 28, Jervis had $5.900 in NB Card credit sales. What entry should Jervis make on June 28 to record the deposit? 1 points Skipped Multiple Choice eBook Debit Cash $5.900: credit Sales $5.900 Print Debit Accounts Receivable $5.900: credit Sales $5.900 References o o O Debit Cash $6.195.00; credit Credit Card Expense $295.00: credit Sales $5,900 O Debit Cash $5.605.00: debit Credit Card Expense $295.00; credit Sales $5.900 O Debit Accounts Receivable $5,605.00; debit Credit Card Expense $295.00: credit Sales $5.900 TB MC Qu. 07-141 (Algo) On February 1, a customer... 15 On February 1. a customer's account balance of $3,400 was deemed to be uncollectible. What entry should be recorded on February 1 to record the write-off assuming the company uses the allowance method? 1 points Skipped Multiple Choice eBook Debit Allowance for Doubtful Accounts $3,400: credit Bad Debts Expense $3.400. O Print O O Debit Bad Debts Expense $3,400: credit Allowance for Doubtful Accounts $3,400. References O Debit Accounts Receivable $3,400: credit Allowance for Doubtful Accounts $3,400. O Debit Allowance for Doubtful Accounts $3,400: credit Accounts Recevable $3,400. O O O Debit Bad Debts Expense $3.400: credit Accounts Receivable $3,400