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Select all that apply On March 14, lan Co. accepted a 180-day, 5% note...

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Accounting

Select all that apply
On March 14, lan Co. accepted a 180-day, 5% note in the amount of $1,000 from Ali Co., a customer. On the due date of the note, Ali dishonors the note. The journal entry that lan would record on the due date would include a:
debit to Accounts Receivable - Ali for $1,025.
debit to Notes Receivable for $1,025.
debit to Interest Revenue for $25.
credit to Notes Receivable for $1,000.
credit to Accounts Receivable - Ali for $1,000,
credit to Interest Revenue for $25.
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