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What would be include in journal entry to record maturity

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Problem - Aranatta Company has a 6 month notes receivable balance of $10,000. The interest rate in effect is 5% and the note was signed on August 1, 2015. What would be include in the journal entry to record the maturity of the loan?

a. A debit to Cash equal to $10,500

b. A credit to interest revenue for $125

c. A credit to Interest Revenue equal to $500

d. A debit to Cash equal to $10,250

Reference no: EM133017746

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