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Question 24 A $6,000, 60-day, 12% note recorded on November 21 is not paid by the maker at maturity

Accounting

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Question 24 A $6,000, 60-day, 12% note recorded on November 21 is not paid by the maker at maturity. The journal entry to recognize this event is O debit Notes Receivable, 56,060, credit Accounts Receivable, 56,060 O debat Cash, 56,120, credit Notes Receivable, $6,120 debit Accounts Receivable, 56,120 credit Notes Receivable, $6.000 credit Interest Revenue, $120 debit Notes Receivable, 56,120, credit Accounts Receivable, 56,000, credit Interest Receivable, $120