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Paper Company receives a $4,845, three-month, 4% promissory note from Dame Company in settlement of an open accounts receivable. What entry will Paper Company make
Paper Company receives a $4,845, three-month, 4% promissory note from Dame Company in settlement of an open accounts receivable. What entry will Paper Company make upon receiving the note? Notes Receivable, Dame Company Oa. $4,893 Accounts Receivable, Dame Company $4,893 Ob. Notes Receivable, Dame Company $4,845 Accounts Receivable, Dame Company 14,845 Oc. Notes Receivable, Dame Company $4,893 Accounts Receivable, Dame Company $4,845 Interest Revenue $48 Od. Notes Receivable, Dame Company $4,845 Interest Revenue $48 Accounts Receivable, Dame Company $4,045 Interest Receivable $48
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