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< Entries for Notes Receivable The series of seven transactions recorded in the following T accounts were related to a sale to a customer
< Entries for Notes Receivable The series of seven transactions recorded in the following T accounts were related to a sale to a customer on account and the receipt of the amount owed. CASH (E) (D) 30 (A) 76,500 ACCOUNTS RECEIVABLE 75,000 (C) 75,400 (E) 75,000 75,400 INVENTORY (B) 45,000 SALES |(A) (C) NOTES RECEIVABLE 75,000 (D) (B) COST OF GOODS SOLD 45,000 INTEREST REVENUE (D) |(E) Briefly describe each transaction. A. Sale on account. B. Cost of goods sold for the sale on account. C. Note received from customer on account. D. None of these. E. 75,000 75,000 400 1,100
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