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Paoli Pizza bought $5,000 worth of merchandise from TechCom and signed a 90-day, 10% promissory note for the $5,000. TechCom's journal entry to record the

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Paoli Pizza bought $5,000 worth of merchandise from TechCom and signed a 90-day, 10% promissory note for the $5,000. TechCom's journal entry to record the sales portion of the transaction is Notes Receivable Interest Receivable Sales 5,000 125 S,125 Accounts Receivable Sales 5,125 5,125 Notes Receivable Sales 5,000 5,000 Accounts Receivable Sales 5,000 5,000 Notes Receivable Sales S,125 5,125

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