Maynard Mills received a 60-day, 5% note for $10,000 on April 5. Which of the following statements is true?
A Maynard Mills should record a total receivable due of $10,500 on April 5.
B The principal of the note plus interest is due on June 4.
C Maynard Mills will receive $10,000 plus interest of $500 at maturity.
D The amount collected at maturity for this note is $10,000