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HELP On November 1, Orpheum Company accepted a $10,900,90-day, 12% note from a customer to replace an account receivable. What entry should be made by

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On November 1, Orpheum Company accepted a $10,900,90-day, 12% note from a customer to replace an account receivable. What entry should be made by Orpheum on the November 1 to record the acceptance of the note? Multiple Choice Debit Notes Receivable $10,900; credit Cash $10,900. Debit Notes Receivable $10,900; credit Accounts Receivable $10,900. Debit Notes Receivable $10,900; credit Sales $10,900. Debit Notes Receivable $11,227; credit Accounts Receivable $10,900; credit Interest Revenue $327. Mackenzie Company sold $680 of merchandise to a customer who used a Regional Bank credit card. Regional Bank charges a 4.0% fee for sales on its credit cards. The journal entry to record this sales transaction would be: Multiple Choice Debit Cash of $680 and credit Sales $680. Debit Cash of $680 and credit Accounts Receivable-Regional $680. Debit Accounts Receivable-Regional $652.80; debit Credit Card Expense $27.20 and credit Sales $680. Debit Cash $652.80; debit Credit Card Expense $27.20 and credit Sales $680. A company factored $55,000 of its accounts receivable and was charged a 2% factoring fee. The journal entry to record this transaction would include a: Multiple Choice Debit to Cash of $53,900, a debit to Factoring Fee Expense of $1,100, and a credit to Accounts Receivable of $55,000. Debit to Cash of $56,100 and a credit to Accounts Receivable of $56,100. Debit to Cash of $55,000 and a credit to Accounts Receivable of $55,000. Debit to Cash of $55,000, a debit to Factoring Fee Expense of $1,100, and credit to Accounts Receivable of $53,900

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