On July 9, Mifflin Company Receives an $8,500, 90-Day, 8

On July 9, Mifflin Company receives an $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, and no adjusting entries have been made related to the note? (Use 360 days a year.)

A) Debit Cash $8,670; credit Interest Revenue $170; credit Notes Receivable $8,500.
B) Debit Cash $8,613; credit Interest Revenue $113; credit Notes Receivable $8,500.
C) Debit Cash $8,500; credit Notes Receivable $8,500.
D) Debit Notes Receivable $8,500; debit Interest Receivable $170; credit Sales $8,670.
E) Debit Cash $8,628; credit Interest Revenue $128; credit Notes Receivable $8,500.