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On July 1, 2017, Collins Jewelers accepted a 3-month, 15% note for $6,000 in settlement of an overdue account receivable. Prepare the journal entry to

On July 1, 2017, Collins Jewelers accepted a 3-month, 15% note for $6,000 in settlement of an overdue account receivable. Prepare the journal entry to record the acceptance of the note.image text in transcribed

On July 1, 2017, Collins Jewelers accepted a 3-month, 15% note for $6,000 in settlement of an overdue account receivable. Prepare the journal entry to record the acceptance of the

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