Which of the following Accounts would have Journal Entry postings based only on these transactions: 1) KASE receives $2,000 from Customer 1 for future consulting services 2) KASE sells Inventory valued at $50 for $100, on account Accounts Receivable Merchandise Inventory Cost of Goods Sold Cash Sales Revenue Accounts Payable Unearned Revenue Consulting Services Revenue Question 16 4 pts On January 1, Year 1, KASE borrowed $325,000 on a 4-year, 6% installment note payable. The terms of the note require KASE to pay 4 equal payments each December 31 for 4 years. The journal entry to record the December 31 Year 3 annual payment is: Debit Interest Expense 10,317: Debit Cash 93,792: Credit Notes Payable 83,475 Debit Interest Expense 10,317; Debit Notes Payable 83,475; Credit Cash 93,792 Debit interest Expense 5,309; Debit Notes Payable 88,483; Credit Cash 93,792 Debit interest Expense 5,309; Debit Cash 93,792; Credit Notes Payable 88,483 Debit interest Expense 5,309; Credit Notes Payable 88,483: Credit Cash 93.792 Debit Interest Expense 10,317; Credit Notes Payable 83,475; Credit Cash 93,792