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Kookie Kola bought $8,000 worth of merchandise from VisCom and signed a 60-day, 6% promissory note for the $8,000. VisCom's journal entry to record the
Kookie Kola bought $8,000 worth of merchandise from VisCom and signed a 60-day, 6% promissory note for the $8,000. VisCom's journal entry to record the sales portion of the transaction is:
Multiple Choice
-
A
Notes Receivable 8,000 Interest Receivable 480 Sales 8,480 -
B
Notes Receivable 80 Sales 80 -
C
Accounts Receivable 80 Sales 80
- D
-
Accounts Receivable
8,000 Sales 8,000 -
E
Notes Receivable 8,000 Sales 8,000
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