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Diamond Jim Candy Store purchased $5,200 in vending machines from Alpha Manufacturing by signing a 90-day, 12% promissory note for $5,200. Diamond Jim's journal entry

  1. Diamond Jim Candy Store purchased $5,200 in vending machines from Alpha Manufacturing by signing a 90-day, 12% promissory note for $5,200. Diamond Jim's journal entry to record the sales portion of the transaction is:

    Accounts Receivable 5,200

    Sales 5,200

    Sales 5,824

    Accounts Receivable 5,824

    Notes Receivable 5,200

    Sales 5,200

    Notes Receivable 5,824

    Sales 5,824

    Notes Receivable 5,200

    Interest Receivable 624

    Sales 5,824

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