$206000 27000 231500 $464500 Cash Accounts receivable Inventory Prepaid insurance Stock investments Land Buildings Less: Accumulated depreciation Trademarks Swifty Corporation Balance Sheet December 31, 2017 $198000 Accounts payable 151000 Salaries and wages payable 155000 Mortgage payable 92600 Total liabilities 252000 284000 $316000 Common stock (58000) 258000 Retained earnings 215000 Total stockholders' equity $1605600 Total liabilities and stockholders' equity $414600 726500 $1141100 Total assets $1605600 $542000 $600000 $1007000 $757000 Concord Corporation receives a $11500, 6-month, 6% promissory note from Pina Colada Corp. In settlement of an open accounts receivabl What entry will Concord Corporation make upon receiving the note? Notes Receivable 11845 pport 11845 Accounts Receivable-Pina Colada Corp. Notes Receivable 11500 Interest Receivable 345 11500 Accounts Receivable-Pina Colada Corp. Interest Revenue 345 Notes Receivable 11845 11500 Accounts Receivable Pina Colada Corp Interest Revenue 345 $206000 27000 231500 $464500 Cash Accounts receivable Inventory Prepaid insurance Stock investments Land Buildings Less: Accumulated depreciation Trademarks Swifty Corporation Balance Sheet December 31, 2017 $198000 Accounts payable 151000 Salaries and wages payable 155000 Mortgage payable 92600 Total liabilities 252000 284000 $316000 Common stock (58000) 258000 Retained earnings 215000 Total stockholders' equity $1605600 Total liabilities and stockholders' equity $414600 726500 $1141100 Total assets $1605600 $542000 $600000 $1007000 $757000 Concord Corporation receives a $11500, 6-month, 6% promissory note from Pina Colada Corp. In settlement of an open accounts receivabl What entry will Concord Corporation make upon receiving the note? Notes Receivable 11845 pport 11845 Accounts Receivable-Pina Colada Corp. Notes Receivable 11500 Interest Receivable 345 11500 Accounts Receivable-Pina Colada Corp. Interest Revenue 345 Notes Receivable 11845 11500 Accounts Receivable Pina Colada Corp Interest Revenue 345