Giorgio italian market bought $8,800 worth of merchandise from food suppliers and signed a 90-day, 6% promissory note for the $8,800. food supplier's journal entry to record the collection on the maturity date is?

Debit Cash $8932 ;

Credit Interest Revenue $60;

Credit Notes Receivable $8,932

Step-by-step explanation:

Every entry has various columns which include dates, appropriate particulars of account name, debit amount column, credit amount column.

Particular                                          Debit($)            Credit($)

Cash A/c                                           8,932

Notes Receivable                                                   8,800

Interest Income                                                       132

(Interest=8800*6/100*3/12=132)

total amount to be paid = $19.5

step-by-step explanation:

given ,

original price = $25.99

discount = 25%

discount amount = 25% of original price

discount amount = 25/100   * 25.99

discount amount = $6.49

hence , the total amount to be paid = original price - discount amount

                                                            = $25.99 - $6.49

                                                            =$19.5

total amount to be paid = $19.5

if you're trying to figure out how much each ounce cost it would be 0.20

cents each ounce