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19 (2 points) Glaser Company received a $30,000, 8%, 1-year (12 month) note from Ann Duff as full payment on her account. On November 9
19 (2 points) Glaser Company received a $30,000, 8%, 1-year (12 month) note from Ann Duff as full payment on her account. On November 9 Duff dishonoured the note. The journal entry to record the dishonoured note is: Cash 32,400 Interest Expense 2,400 Note Receivable 30,000 Accounts Receivable - Duff 32,400 Note Receivable 30,000 Interest Revenue 2400 Accounts Receivable - Duff 32,400 Note Payable 30,000 Interest Expense 90 Accounts Receivable - Duff Note Receivable 30,000 30,000
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