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Giorgio Italian Market bought $5,400 worth of merchandise from Food Suppliers and signed a 45-day, 12% promissory note for the $5,400. Food Suppliers journal entry

Giorgio Italian Market bought $5,400 worth of merchandise from Food Suppliers and signed a 45-day, 12% promissory note for the $5,400. Food Suppliers journal entry to record the sales transaction is: Multiple Choice Debit Accounts Receivable $5,400; credit Sales $5,400. Debit Notes Receivable $5,481; credit Sales $5,481 Debit Accounts Receivable $5,481; credit Sales $5,481 Debit Notes Receivable $5,400; debit Interest Receivable $81; credit Sales $5,481. Debit Notes Receivable $5,400; credit Sales $5,400

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