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Giorgio Italian Market bought $9,200 worth of merchandise from Food Suppliers and signed a 60-day, 6% promissory note for the $9,200. Food Supplier's journal entry
Giorgio Italian Market bought $9,200 worth of merchandise from Food Suppliers and signed a 60-day, 6% promissory note for the $9,200. Food Supplier's journal entry to record the sales transaction is:
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Debit Notes Receivable $9,200; debit Interest Receivable $92; credit Sales $9,292.
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Debit Accounts Receivable $9,292; credit Sales $9,292.
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Debit Notes Receivable $9,200; credit Sales $9,200.
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Debit Notes Receivable $9,292; credit Sales $9,292.
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Debit Accounts Receivable $9,200; credit Sales $9,200.
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