I am on my break from work and i wanted to study before i go back to work. Thank you so much. Martinez Co.

Hello, can someone please help me with this question. I am on my break from work and i wanted to study before i go back to work. Thank you so much.

Martinez Co. borrowed $50,400 on March 1 of the current year by signing a 60-day, 8%, interest-bearing note. Assuming a 360-day year, when the note is paid on April 30, the entry to record the payment should include a ______ .

Round your answer to the nearest whole dollar.

a.debit to Interest Payable for $672

b.debit to Interest Expense for $672

c.credit to Cash for $50,400

d.credit to Cash for $54,432

Which of the following is the most desirable quick ratio?

a.1.95

b.1.80

c.2.20

d.1.50