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Sloan company receives a $3,000, 3-month, 6% promissory note from day company in settlement of an open accounts receivable. what entry will sloan company make upon receiving the note? a. notes receivable 3,045accounts receivable—day company 3,045b. notes receivable 3,045accounts receivable—day company 3,000interest revenue 45c. notes receivable 3,000interest receivable 45accounts receivable—day company 3,000interest revenue 45d. notes receivable 3,000accounts receivable—day company 3,000
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Sloan company receives a $3,000, 3-month, 6% promissory note from day company in settlement of an op...
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