On July 9, Mifflin Company receives a $8,500, 90-day, 8% note from customer Payton Summers as payment on account. What entry should be made on the maturity date assuming the maker pays in full? Debit Notes Receivable $8,500; debit Interest Receivable $170; credit Sales $8,670. Debit Cash $8,628; credit Interest Revenue $128; credit Notes Receivable $8,500. Debit Cash $8,670; credit Interest Revenue $170; credit Notes Receivable $8,500. Debit Cash $8 500; credit Notes Receivable $8,500. Debit Cash $8,613; credit Interest Revenue $113; credit Notes Receivable $8,500.
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