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Paper Company receives a $4,534, 3-month, 7% promissory note from Dame Company in settlement of an open accounts receivable. What entry will Paper Company make

Paper Company receives a $4,534, 3-month, 7% promissory note from Dame Company in settlement of an open accounts receivable. What entry will Paper Company make upon receiving the note?

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Paper Company receives a $4,534, 3-month, 7% promissory note from Dame Company in settlement of an open accounts receivable. What entry will Paper Company make upon receiving the note? Notes Receivable $4,613 Accounts Receivable-Dame Company $4,613 Notes Receivable $4,534 Accounts Receivable-Dame Company $4,534 Notes Receivable $4,613 Accounts Receivable-Dame Company $4,534 Interest Revenue S79 Notes Receivable $4,613 Interest Receivable S79 Accounts Receivable-Dame Company $4,534 interest Revenue $79

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