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Fourth Company receives a note from a customer in exchange for a $15,000 sale of merchandise. On the date of sale, what journal entry did
Fourth Company receives a note from a customer in exchange for a $15,000 sale of merchandise. On the date of sale, what journal entry did Fourth Company prepare? Ignore cost of goods sold A. debit Cash for $15,000 and credit Notes Receivable for $15,000 B. debit Notes Receivable for $15,000 and credit Sales Revenue for $15,000 C. debit Notes Receivable for $15,000 and credit Cash for $15,000 D. debit Accounts Receivable for $15,000 and credit Sales Revenue for $15,000
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