on-the-maturity-date-a-company-receives-5200-for-a-note-receivable-the-principal

Question

On the maturity date, a company receives $$5,200 for a note receivable. The principal was 5$$,000, and $100 was previously accrued as interest receivable. What is the journal entry?

Accepted Answer

Debit Cash $$5,200; Credit Notes Receivable 5$$,000; Credit Interest Receivable $$100; Credit Interest Revenue 100$$

Answer

Debit Cash $$5,200; Credit Notes Receivable 5$$,000; Credit Interest Revenue $200

Answer

Debit Cash $$5,200; Credit Notes Receivable 5$$,200

Answer

Debit Cash $$5,200; Credit Notes Receivable 5$$,000; Credit Interest Revenue $200

On the maturity date, a company receives \$5,200 for a note receivable. The principal was \$5,000, and \$100 was previously accrued as interest receivable. What is the journal entry?