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Crane Company receives a $23000, 3-month, 8% promissory note from Riverbed Company in settlement of an open accounts receivable. What entry will Crane Company make
Crane Company receives a $23000, 3-month, 8% promissory note from Riverbed Company in settlement of an open accounts receivable. What entry will Crane Company make upon receiving the note? Notes Receivable Accounts Receivable-Riverbed Company Interest Revenue Notes Receivable Interest Receivable Accounts Receivable-Riverbed Company Interest Revenue Notes Receivable Accounts Receivable-Riverbed Company Notes Receivable Accounts Receivable-Riverbed Company 23460 23000 460 23460 23000 23000 460 23000 460 23460 23000
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