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13 On November 1, Orpheum Company accepted a $10.000, 90-day, 8% note from a customer to replace on account receivable. What entry should be
13 On November 1, Orpheum Company accepted a $10.000, 90-day, 8% note from a customer to replace on account receivable. What entry should be made by Orpheum on the November 1 to record the acceptance of the note? Debit Notes Recevable $10,000 crea $10,000 De Noecevable $10,000 cret Accounts Receivable $10,000. Deber Notes Receivable $10.000: credit Sales $10.000 Debit Notes Receivable $10,200 credit Accounts Receivable $10,000, credit interest Revenue $200 Debt Sale $10,000 credit Accounts Receivable $10,000.
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