On november 1, orpheum company accepted a $10,000, 90-day, 8% note from a customer settle an account.
what entry should be made on the november 1 to record the note acceptance?
a- debit note receivable $10,000; credit cash $10,000.
b- debit note receivable $10,000; credit accounts receivable $10,000.
c- debit note receivable $10,000; credit sales $10,000.
d- debit cash $10,000; credit sales $10,000.
e- debit sales $10,000; credit accounts receivable $10,000.
Answers: 3
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On november 1, orpheum company accepted a $10,000, 90-day, 8% note from a customer settle an account...
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