Uniform Supply Accepted a $4,800,90-Day,10% Note from Tracy Janitorial on October

question 27

Multiple Choice

Uniform Supply accepted a $4,800,90-day,10% note from Tracy Janitorial on October 17.What entry should Uniform Supply make on December 31,to record the accrued interest on the note?

• A)Debit Cash $20;credit Notes Receivable $20.
• B)Debit Cash $100;credit Notes Receivable $100.
• C)Debit Interest Receivable $20;credit Interest Revenue $20.
• D)Debit Interest Receivable $100;credit Interest Revenue $100.
• E)Debit Cash $120;credit Interest Revenue $100;credit Interest Receivable $20.

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Definitions:

Excessive Lanugo

An unusually high amount of fine, soft hair covering the body, often seen in newborns or as a symptom of certain conditions.

Retinopathy

A disorder of the retina which may result in impaired vision or blindness, often related to diseases such as diabetes or hypertension.

Pulse Oximetry

A non-invasive method to measure the oxygen saturation level of the blood, typically using a sensor placed on a thin part of the patient's body.

Supplemental Oxygen

The provision of additional oxygen to individuals who are not getting enough oxygen on their own, often used in medical treatments to support patients with respiratory conditions.