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On January 15, 2020, Rayan Company received a three month, 66, 68.000 note from Khaled Co. for the settlement of his open account. The entry

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On January 15, 2020, Rayan Company received a three month, 66, 68.000 note from Khaled Co. for the settlement of his open account. The entry by Rayan Company on January 15, 2020 would include a: 1. credit of $8,000 to Notes Receivable. 2. debit of $8,000 to Notes Receivable. 3. debit of $8,120 to Notes Receivable. credit of 58,120 to Accounts Receivable

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