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.

B- Debit Note Receivable $10,000; credit Accounts Receivable $10,000.

Explanation:

The following Journal entry is to recorded by the Orpheum company on November 1 in its accounts when it receives the note receivable from the credit customer to settle an account:

                                                         Debit               Credit

Note Receivable                             $10,000

Accounts Receivable                                               $10,000                  

Based on the above journal entry, the answer shall be B- Debit Note Receivable $10,000; credit Accounts Receivable $10,000.

idk the answer so dont listen to me but 23

answer; capital structure decision;