Business, 23.09.2021 06:40 morganpl415
Paper Company receives a $4,924, three-month, 3% promissory note from Dame Company in settlement of an open accounts receivable. What entry will Paper Company make upon receiving the note?
a. Notes Receivable, Dame Company 4,961 Accounts Receivable, Dame Company 4,961
b. Notes Receivable, Dame Company 4,961 Accounts Receivable, Dame Company 4,924 Interest Revenue 37
c. Notes Receivable, Dame Company 4,924 Accounts Receivable, Dame Company 4,924
d. Notes Receivable, Dame Company 4,924 Interest Revenue 37 Accounts Receivable, Dame Company 4,924 Interest Receivable 37
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Paper Company receives a $4,924, three-month, 3% promissory note from Dame Company in settlement of...
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