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Giorgio Italian Market bought $10,400 worth of merchandise from Food Suppliers and signed a 45-day, 7% promissory note for the $10,400. Food Supplier's journal entry
Giorgio Italian Market bought $10,400 worth of merchandise from Food Suppliers and signed a 45-day, 7% promissory note for the $10,400. Food Supplier's journal entry to record the sales transaction is: Multiple Choice Debit Notes Receivable $10,400; credit Sales $10,400. Debit Notes Receivable $10,400; debit Interest Receivable $91; credit Sales $10,491. Debit Accounts Receivable $10,400; credit Sales $10,400. Debit Accounts Receivable $10,491; credit Sales $10,491. Debit Notes Receivable $10,491; credit Sales $10,491. O
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