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Journalize the entry at maturity date to record the receipt

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Problem 1: Hollie Star Company received a 90-day, 6% note for P80,000, dated March 12 from a customer on account. Journalize the entry at maturity date to record the receipt of the payment of the note.

A. JUNE 12 /DR CASH 81,200/CR NOTES RECEIVABLE 80,000; INTEREST REVENUE 1,200
B.JUNE 10/ DR CASH 81,200 / CR NOTES RECEIVABLE 80,000; INTEREST REVENUE 1, 200
C. JUNE 12/ DR CASH 81,200 / CR NOTES RECEIVABLE 81,200
D.JUNE 10 / DR CASH 81,200 / CR NOTES RECEIVABLE 81,200

Reference no: EM132787867

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