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(2) - Leek Company receives a $12,000, 3-month, 5% promissory note from Rey Company in settlement of an open accounts receivable. What entry will Leek
(2) - Leek Company receives a $12,000, 3-month, 5% promissory note from Rey Company in settlement of an open accounts receivable. What entry will Leek Company make upon receiving the note? on Select one: *. 12,150 a. Notes Receivable.... Accounts Receivable-Rey Company................ O b. Notes Receivable.... 12,150 Accounts Receivable-Rey Company...... Interest Revenue... 12,150 12,000 150 12,000 12,000 Notes Receivable.... Accounts Receivable-Rey Companm.... d. Notes Receivable.... Interest Receivable. Accounts Receivable-Rey Company...... Interest Revenue.. .12,000 150 12,000 150 Previous page Next page
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