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Angela Davis is the accountant for the Dunder Mifflin Paper Company. On August 14, the company receives a $10,100, 90-day, 12% note from customer Barbara

Angela Davis is the accountant for the Dunder Mifflin Paper Company. On August 14, the company receives a $10,100, 90-day, 12% note from customer Barbara Allen as payment on account. On August 14, what journal entry should Angela make for Dunder Mifflin Paper Company to record receipt of the note? Multiple Choice Debit Notes Receivable $10,501; credit Interest Revenue $401; credit Accounts Receivable $10,100. Debit Notes Receivable $10,100; credit Sales $10,100. Debit Notes

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