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Paoli pizza bought $5000 worth of merchandise from TechCom and signed a 90-day, 10% promissory note for the $5000. TechCom's journal entry to record the
Paoli pizza bought $5000 worth of merchandise from TechCom and signed a 90-day, 10% promissory note for the $5000. TechCom's journal entry to record the sales portion of the transaction is: A.) Debit Accounts Receivable $5000;credit sales $5000. B.) Debit Notes receivable $5000; Credit sales $5000C.) Debit accounts receivable $5125; credit sales $5125.D.) debit notes receivable $5125; credit sales $5125.E.) debit notes receivable $5000; debit interest receivable $125; credit sales $5125.
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