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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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