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10 pts On May 10th, Sanford and Sons receives a $10,000, 90-day, 5% promissory note from Middlesex College in settlement of an open accounts receivable.

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10 pts On May 10th, Sanford and Sons receives a $10,000, 90-day, 5% promissory note from Middlesex College in settlement of an open accounts receivable. Journalize the following for Sanford and Sons: 1. Receipt of the note 2. Receipt of payment on the appropriate maturity date. Format: Use the Chart of Accounts provided to you do not bother adding company names) Enter all debits and credits as whole numbers, with or without commas, but NO DECIMALS or DOLLAR SIGNS! Debit Description Credit Date May 10 Aug 8

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