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Giorgio Italian Market bought $11,300 worth of merchandise from Food Suppliers and signed a 120-day, 6% promissory note for the $11,300. Food Supplier's journal entry
Giorgio Italian Market bought $11,300 worth of merchandise from Food Suppliers and signed a 120-day, 6% promissory note for the $11,300. Food Supplier's journal entry to record the sales transaction is: Multiple Choice
Debit Notes Receivable $11,300;
debit Interest Receivable $226;
credit Sales $11,526.
Debit Accounts Receivable $11,300;
credit Sales $11,300.
Debit Notes Receivable $11,300;
credit Sales $11,300.
Debit Accounts Receivable $11,526;
credit Sales $11,526.
Debit Notes Receivable $11,52
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