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5. Select the journal entry for eachtransaction by placing an X mark on the correct line a.Company GHI collects a $1500, 10% interest, 60-day note.

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5. Select the journal entry for eachtransaction by placing an "X" mark on the correct line a.Company GHI collects a $1500, 10% interest, 60-day note. Debit Cash $1525; Credit Notes Receivable $1500 and Credit Interest Revenue $25 Debit Cash $1500 and Debit Notes Receivable $25: Credit Interest Revenue $1525 Debit Cash $1650; Credit Notes Receivable $1500 and Credit Interest Revenue $150 2. 3

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