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7. On February 7, Camp Company sold goods on account to Fillmore Enterprises for 6,000, terms 2/10, n/30. On March 9, 2017, Camp Company
7. On February 7, Camp Company sold goods on account to Fillmore Enterprises for 6,000, terms 2/10, n/30. On March 9, 2017, Camp Company received a two-month, 9%,-$6,000 note from Fillmore for the settlement of his open account. Instructions (a) Record the sale and the acceptance of the promissory note on the books of Camp Company. (b) The entry by Camp Company on May 9, 2017 (after two months), if Fillmore honors the note (assuming that no interest has been accrued). (c) The entry by Camp Company on May 9, 2017(after two months), if Fillmore dishonors the note and collection is expected (assuming that no interest has been accrued).
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