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Paper Company receives a $4,241, 3-month, 9% promissory note from Dame Company in settlement of an open accounts receivable. What entry will Paper Company make
Paper Company receives a $4,241, 3-month, 9% promissory note from Dame Company in settlement of an open accounts receivable. What entry will Paper Company make upon receiving the note? Ca. $4,336 $4,241 $95 Ob $4,241 $4,241 Notes Receivable--Dame company Accounts Receivable-Dame Company Interest Revenue Notes Receivable-Dame Company Accounts Receivable-Dame Company Notes Receivable-Dame Company Accounts Receivable-Dame Company Od. Notes Receivable--Dame Company Interest Receivable Accounts Receivable-Dame Company Interest Recevable Oc $4,336 $4,336 $4,336 $95 $4,241 $95
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