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Giorgio Italian Market bought $8,800 worth of merchandise from Food Suppliers and signed a 45-day, 7% promissory note for the $8,800. Food Supplier's journal entry

Giorgio Italian Market bought $8,800 worth of merchandise from Food Suppliers and signed a 45-day, 7% promissory note for the $8,800. Food Supplier's journal entry to record the sales transaction is:

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Debit Notes Receivable $8,800; debit Interest Receivable $77; credit Sales $8,877.

Debit Accounts Receivable $8,800; credit Sales $8,800.

Debit Notes Receivable $8,800; credit Sales $8,800.

Debit Notes Receivable $8,877; credit Sales $8,877.

Debit Accounts Receivable $8,877; credit Sales $8,877.

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